The NDA's relatively slim margin of victory, as well as the BJP's loss of its outright majority in parliament, may delay more far-reaching economic and fiscal reforms, says Moody's.
Centre and RBI are doubling down on states for their alleged fiscal mismanagement while it is the Centre which is fiscally more profligate and needs to put its house in order
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
