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Indian Rural Economy To Remain Subdued In 2015-16

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  • Indian Rural Economy To Remain Subdued In 2015-16

    Credit rating agency Moody's Investors Service (MIS) on Tuesday said it expects India's rural economy to remain subdued through the fiscal year ending March 2016.It said that this forecast will materialise, particularly, if the risk of below-average monsoon rainfall takes shape. "A sustained soft patch for India's rural economy would weigh on private consumption and non-performing assets in the agricultural sector, a credit negative for the sovereign and banks," said Rahul Ghosh, MIS vice-president and senior research analyst.

  • #2
    Moody's further said it expects India's weakened rural economy to remain subdued through the fiscal year ending March 2016, particularly if the risk of below-average monsoon rainfall materialises.

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    • #3
      This forecast represents the highest projection amongst G20 economies, and provides a key pillar of support for the Baa3 sovereign rating and positive outlook.

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      • #4
        According to the poll results, the consensus view on India's economic growth prospects is relatively optimistic, very much in keeping with Moody's baseline scenario of headline economic expansion of 7.5% in FY2016.

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        • #5
          According to MIS, the multi-party, federal democracy in India underpins a gradual pace of policy implementation.

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