India GDP may've grown 5.5%: Moody's

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India GDP may've grown 5.5%: Moody's. (Reuters) India GDP may've grown 5.5%: Moody's. (Reuters)
SummaryReality of India's 'deep-seated structural problems' has begun to set in says Moodys.

forecast above that from the June quarter, but not by much, and anything with a '5' at the front of it must be considered disappointing," it added.

Moody's further said that the initial bounce in investor sentiment following the announcement of economic reforms has faded, and the reality of India's deep-seated structural problems has begun to set in.

In the two months to October the Sensex rose 15 per cent and the rupee up 8 per cent against the US dollar. But the Sensex has dipped in recent weeks, while the currency has given back most of the recent gains.

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