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BRIEF-Moody's says India would ease debt burden if its reforms are successful
June 1, 2017 / 3:49 AM / 6 months ago

BRIEF-Moody's says India would ease debt burden if its reforms are successful

May 31 (Reuters) -

* Moody‘s- India’s reforms, if successful, would ease its debt burden, a key constraint on the country’s credit profile

* Moody‘s- India is implementing number of wide-ranging reforms that if successful, would gradually ease the government’s high debt burden

* Moody’s on India- Short-term impact of GST reforms will be muted, but the long-term benefits will include higher productivity growth

* Moody’s on India- FRBM framework offers an opportunity to anchor fiscal consolidation by setting a medium-term target for the country’s debt burden

* Moody’s on Indian banking sector- Government measures to address high NPAs and promulgation of insolvency and bankruptcy code 2016 are credit positive

* Moody’s on India- Use of information collected from demonetization and financial inclusion could help broaden tax base by ushering in previously unbanked informal sector

* Moody’s on India- Recent expenditure reforms, including direct benefits transfer, should improve expenditure efficiency

* Moody's on India- Aadhaar identification system can help reduce fiscal leakage Source text : Further company coverage: [ ]

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