India has leeway to get reforms on track: Moody's

India has leeway to get reforms on track: Moody's

Standard & Poor's last week cut India's outlook to negative from stable.

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  • Last Updated: May 2, 2012, 10:21 AM IST
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Manila: India has some leeway to get reforms back on track with its long-term growth prospects firm, Tom Byrne, a senior vice president of rating agency Moody's Investors Service, said on Wednesday.

"There is no imminent funding crisis because of policy slippages," Byrne told reporters at the Asian Development Bank's annual meeting in Manila, explaining the rating agency's stable outlook for India.

Standard & Poor's last week cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints, battering stocks, bonds and the rupee.

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India

  • Active Cases

    4,312

     
  • Total Confirmed

    4,789

     
  • Cured/Discharged

    352

     
  • Total DEATHS

    124

     
Data Source: Ministry of Health and Family Welfare, India
Updated: April 07 (06:00 PM)
Hospitals & Testing centres

World

  • Active Cases

    1,009,768

     
  • Total Confirmed

    1,386,161

    +40,157
  • Cured/Discharged

    297,379

     
  • Total DEATHS

    79,014

    +4,360
Data Source: Johns Hopkins University, U.S. (www.jhu.edu)
Hospitals & Testing centres