Pace of economic reforms depends on outcome of elections: Morgan Stanley

Mar 26 2014, 20:15 IST
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We are assuming that the election will produce a stable government: Morgan Stanley. PTI We are assuming that the election will produce a stable government: Morgan Stanley. PTI
SummaryWe are assuming that the election will produce a stable government: Morgan Stanley.

Supply side bottlenecks, including approval process for environment and land acquisition and lack of rail linkages, have hampered energy and mining sectors.

"Addressing these structural bottlenecks would help India secure its energy requirements and boost its mineral exports, thereby removing a constraint on growth.

Our estimates show that the increase in coal imports and decline in iron ore exports likely added close to 0.8 per cent of GDP to India’s current account deficit between FY2005 and FY2014," the statement said.

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