India's reform agenda may support medium-term growth: Fitch
by Nidhi Bhati
Fitch Ratings believes that India’s labour and agricultural reforms may support medium-term growth and partially offset downside pressures to investment from renewed asset-quality challenges in the financial sector and damaged corporate balance sheets. The agency has projected country’s annual medium-term GDP growth to be around 6.5 per cent. However, it cautioned that weak implementation of the reforms combined with continued financial sector problems could lower growth potential below the current estimates.
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