Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
The smouldering of anger in Ladakh
access_time 29 March 2024 4:20 AM GMT
Democracy that banks on the electorate
access_time 28 March 2024 5:34 AM GMT
Lessons to learn from Moscow terror attack
access_time 27 March 2024 6:10 AM GMT
Gaza
access_time 26 March 2024 4:34 AM GMT
The poison is not in words, but inside
access_time 25 March 2024 5:42 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
exit_to_app
Homechevron_rightEntertainmentchevron_rightReform potential of...

Reform potential of new govt to improve foreign capital flow: S&P

text_fields
bookmark_border
cancel
camera_alt""

New Delhi: S&P Global Ratings Monday said following a decisive victory for the incumbent government, there will be continuity as well as policy stability and will result in improvement in foreign capital flows for corporates in India.

According to S&P Global Ratings, the victory for the ruling government led by the Bharatiya Janata Party (BJP) in India's national elections removes one significant source of uncertainty for corporates in India.

S&P said Indian corporates remain hostage to a number of worries surrounding a slowdown in global growth and trade wars. But now, the continuity of government -- which was widely cited as an additional source of uncertainty in the run-up to the elections -- is no longer one of them.

"The potential for reforms following the victory is likely to maintain buoyancy in local funding markets and improve the flow of foreign capital for corporates in India," it said in a statement.

Prime Minister Narendra Modi-led BJP has won 303 seats out of 542 in 2019 general elections.

The first couple of years after an election in India's five-year election cycle has historically seen more opportunities for administrative reform and measures to facilitate ease of doing business.

"A decisive majority further assures foreign investors for whom continuity and policy stability are key investment considerations in emerging markets," S&P said.

It said improvements in India's bankruptcy code, simplification of the country's tax regime, and privatisation of inefficient state-owned enterprises are all likely to create opportunities for private enterprises going forward.

In addition, a focus on the revival of private consumption may boost growth in much-needed private investment.

Show Full Article
News Summary - Reform potential of new govt to improve foreign capital flow: S&P
Next Story