Moody's Predicts Sensex At 82,000 In 12 Months, Risks Include Global Slowdown
NDTV
India is likely to drive a fifth of global growth in the coming decade. This will be underpinned by increased offshoring of both services and goods, leading to a manufacturing boom, as well as the energy transition and the country's advanced digital infrastructure.
In a recent report, international rating agency Moody's asserted that the third term of Prime Minister Narendra Modi, which will continue till 2029, will remain India's decade. The rating agency report says the most important aspect of the BJP-led New Democratic Alliance (NDA) retaining its majority is its policy predictability.
"The main benefit to the market of the NDA's re-election is policy predictability, which will influence how growth and equity returns pan out in the coming five years. We believe the government is likely to continue focusing on macro stability (i.e., inflation hawkishness) to inform policy," said the report.
The report further added that markets expect more structural reforms in the coming days.
