New Delhi: Indian economy is expected to witness a slow pace even in the second half of the current fiscals, owing to the political instability and the weak investor sentiment, outlined the global research group Moody’s Analytics.
“The slowdown which was witnessed with a downturn in fixed investment and manufacturing production is expected to soon spread to services and the rest of the economy,” outlined the Moody’s report authored by Senior Economist Glenn Levine.
According to the report, the government’s reform initiatives are hindered and no notable changes will be witnessed before the next year’s election. The report also pointed that the steps undertaken to enhance the private investments as insufficient.
EPC World News Bureau
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