Reforms to slowdown in 2018 ahead of Lok Sabha polls: Moody's

A busy election schedule will slow reform momentum in some Asia Pacific economies, the report says

Global rating agency Moody’s on Wednesday said that the reforms in India may lose steam in 2018 ahead of the Parliamentary elections slated for 2019.

A busy election schedule will slow reform momentum in some Asia Pacific economies. In Indonesia and India, regional elections are also likely to slow down any reform momentum. Both countries also have parliamentary elections in 2019, the rating agency said in outlook for sovereign creditworthiness in Asia Pacific in 2018. In the normal course, the elections for Lok Sabha (lower house of Parliament) are expected to be held April-May 2019.

Moody’s had upgraded India (Baa2