Investments in India to gain momentum after 2104 elections, says Fitch unit India Ratings

Comments 0
Many foreign investments in India are being held back as investors are sitting on the fence for a new government to be formed: India Ratings (AP) Many foreign investments in India are being held back as investors are sitting on the fence for a new government to be formed: India Ratings (AP)
SummaryForeign investments in India are set to gain momentum after 2014 general elections, but a ''magic' work is unlikely, says India Ratings' Atul Joshi.

money still is there for asking."

The India Ratings chief said that a modest recovery process is already underway and that is unlikely to stop, unless the new government reverses some reforms.

"Wheels have started turning, so it is unlikely it will stop and we would see GDP growth at something closer to 4.9 per cent this year even if nothing much happens.

"We have already reached the bottom and now from here, the recovery will start. So, what we see next fiscal year is around 5.6 to 5.8 per cent of GDP growth. So, there won't be any drastic change by moving to 6 per cent and above.

"Elections or no elections, that would not have much impact on the GDP number, unless there is a rollback of policies and measures which is a very unlikely event. That would be like government going backwards and I don't think any government would do so," he said.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...