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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.