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Economic challenges that confront the new government!
Posted on: 20/May/2014 2:56:22 PM
The National Democratic Alliance (NDA), led by the BJP, is set to form a new government at the centre.
Moody’s report today has revealed that that the landslide victory of BJP-led NDA in the elections is credit positive for India as a stable central government is expected to address the country`s economic challenges.
Moody`s Investors Service added that the credit profiles of public-sector banks may experience positive effects from 2015.
It has also observed that the trend of the rising value of Indian Rupee against the US $ is a pointer for better economic growth.
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