NNNNNNNNNNNNNNNN
SEAnews SEA Research, BLK 758 Yishun Street 72 #09-444 Singapore 760758
India Front Line Report
SEAnews Issue:monthly
tel:65-87221054
NNNNNNNNNNNNNNN
2017-04-03 ArtNo.45961
◆UP poll result has made a mockery of the criticism that demonetisation got: Chris Wood




【New Delhi】"The outcome of the elections, especially in Uttar Pradesh (UP), is a big positive and has made a mockery of the criticism that demonetisation got."
 "It confirms that the Prime Minister should have a second term in government and investors should stay put in the Indian equity markets, " Christopher Wood, managing director and equity strategist at CLSA told Puneet Wadhwa, a reporter of local English daily, the Business Standard, who had asked him "What are the implications of the assembly poll outcome for the markets and the government's reform agenda?"
○State election results to facilitate reforms: Moody's




【Chennai】Global credit rating agency Moody's Investor's Service on the 15th of March said the recent state election results will facilitate reforms by the BJP led Indian government.
 In a statement Moody's said the 2017 state election results demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a credit positive for the sovereign.
○India's bad-debt mountain hangs over politically recharged Narendra Modi




【New Delhi】With a resounding domestic political victory behind him, Indian Prime Minister Narendra Modi turns attention back to policies this week.
 One area key to watch for investors: progress on resolving a mountain of bad debt that’s restraining the private economy.
 Modi, who swept to power in federal elections in 2014 and this weekend notched a decisive win in India’s largest state, has championed reforms for businesses yet overseen an expansion that’s been propelled by the public sector. Key to that shortfall has been a decline in credit exacerbated by the lack of a national plan to clean out non-performing loans.
 "Loan growth has been falling and remains anemic by historical standards as a result of the banks’ asset-quality challenges," said Swee-Ching Lim, a portfolio manager at Western Asset Management in Singapore who’s been analyzing credit markets for almost two decades. "This lack of credit growth will likely continue to be a headwind for India’s economy," he said.
【News source】

UP poll result has made a mockery of the criticism that demonetisation got: Chris Wood

State election results to facilitate reforms: Moody's

India's bad-debt mountain hangs over politically recharged Narendra Modi

One world:
AD-SEAnews



AD-SEAnews, New concept of SEAnews, aims to realize borderless one world.


◆Recruitment of Ad-SEAnews Canvassers



Your Comments / Unsubscribe



SEAnews Messenger



SEAnewsFacebook



SEAnewsGoogle



SEAnews eBookstore



SEAnews eBookstore(GoogleJ)



SEAnews world circulation


[Your Comments / Unsubscribe]/[您的意见/退订]/[ご意見/配信停止]
Please do not directly reply to the e-mail address which is used for delivering the newsletter.
请别用递送新闻的邮件地址而直接回信。
メールをお届けした送信専用アドレスには返信しないで下さい。
SEAnews 掲載記事の無断転載を禁じます。すべての内容は日本の著作権法並びに国際条約により保護されています。
Copyright 2003 SEAnews® All rights reserved. No reproduction or republication without written permission.