According to the rating agency, Moody India will remain the fastest growing economy in 2016 and once again it reiterated itself that growth of the country would be determined by corporate profit trends.
According to agency, the low inflation rate will help private sector to remain internationally competitive. And stronger the corporate profits will support the government’s fiscal consolidation efforts.”
Already India is outperforming the 7 percent growth is good enough and in future also, India is unlikely to access to cheap and easy capital.
