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Moody's is cautiously optimistic on reform measures announced

Aug 28, 2019 17:02 IST

 Moody's says the slew of measures announced by the government to boost sagging economic growth, will provide some support to investor and business sentiments. However Moody's cautions that   domestic and external headwinds will continue to persist through the year, resulting in a 6.4 percent GDP growth. The rating agency also said,  "We expect acceleration of the capitalization of public sector banks to help improve the provision of credit and transmission of monetary policy easing".

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