Fitch says spurring higher sustainable growth is key for new government
The ratings agency added the investment climate can be strengthened by
measures including "a clear strategy" for fiscal consolidation, creating
a low inflation environment and a new push towards structural reforms.
Swati Bhat- New Delhi,
- Updated May 16, 2014 4:20 PM IST
(Photo: Associated Press)Global ratings agency Fitch has said the new government must focus on boosting growth, by spurring a pick-up in investments, calling this the most important issue from a sovereign credit perspective.
Full Coverage: Lok Sabha Elections 2014"The most salient issue for the new government from a sovereign credit perspective seems to get growth back to higher sustainable levels, which would require a strong pick up in investments," Thomas Rookmaaker, director in the sovereign ratings group at Fitch wrote in an emailed statement.
The ratings agency added the investment climate can be strengthened by measures including "a clear strategy" for fiscal consolidation, creating a low inflation environment and a new push towards structural reforms, including reducing red tape and easing infrastructure bottlenecks.
(Reuters)
Published on: May 16, 2014 4:19 PM IST