Government holding up India growth story
US credit rating agency Moody's on Wednesday hit the Indian government hard for not doing enough on the reforms front. It said, "The single biggest factor weighing on the (economic) outlook is the Indian government." The comment followed another rating firm, Standard and Poor's (S&P), lowering India's credit outlook to negative, raising questions over the economy that had taken a hit by borrowings, rising imports and political compulsions stalling key reforms.
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