'India Needs China Growth Rate'
Moody's vice-president airs her concerns on the future of economic reforms under the UPA government
Kristin Lindow is vice-president with international rating agency Moody's and the lead analyst responsible for India's sovereign ratings. In 1997, she gave P. Chidambaram's Dream Budget a thumbs down by giving India a negative rating. In an interview with Arindam Mukherjee, she airs her concerns on the future of economic reforms under the UPA government. Excerpts:
How is Moody's looking at the new Indian government?
In January, Moody's upgraded India's foreign currency rating to investment grade. Will that change now and what about India's domestic rating which has remained low?
The Left parties have been advocating an increase in subsidies. What signal does this give foreign investors?
Both Manmohan Singh and P. Chidambaram have a reputation of being reformers. What signals do they send to the investor community abroad?
Do you think the government will have the freedom to undertake reforms in a desirable way?
The new government has ruled out disinvestment in oil companies and in other profit-making PSUs....
The CMP promises to increase spendings on health and education with no proposals to raise revenues. Still, the government expects a 7-8 per cent gdp growth. Is this possible?
So what is Moody's outlook for India?
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