1 Nov, 2015
International rating agency Moody’s Analytics on Friday cautioned Prime Minister Narendra Modi that India might lose domestic and global credibility if he did not rein in controversial members of his Bharatiya Janata Party.
In a report titled India Outlook: Searching for Potential, Moody’s Analytics said for the country to reach its growth potential it has to deliver the promised reforms. “Undoubtedly, numerous political outcomes will dictate the extent of success,” it said. The ruling BJP does not have a majority in the Rajya Sabha and crucial reforms bills has been met with an obstructionist opposition. “But in recent times, the government also hasn’t helped itself, with controversial comments from various BJP members.”