Published On : Fri, Oct 30th, 2015

Moody’s Analytics cautions PM Modi to rein his party-men, or else lose popularity

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New Delhi/ Nagpur:
Irritated over unchecked controversy on ‘beef’, Moody’s Analytics has cautioned PM Narendra Modi to exercise reins on his party-men, or else lose domestic as well as world popularity.

In its report, ‘Perspective on India: Search for Possibilities’, Moody Analytics has said that the nation should acquire maximum possibilities for growth and developmental reforms, as has been committed by Narendra Modi.

The report further says, though several political results will decide the scope of success for BJP, control on speech and deeds needs to be exercised firmly. It is worth mentioning here that the ruling BJP does not have majority in the Rajya Sabha, and due to intermittent disruptions caused by Opposition in the proceedings, several reforms-related bills are held up in Parliament.

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The report points out that the BJP-led government has not done good deeds for itself, just because many BJP members have made controversial statements, spoiling the name and fame of party, though Modi has kept himself aloof from remarks by nationalist elements.

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Moody’s Analytics says, more the incidents of violence, more the opposition the NDA will be required to face in the Rajya Sabha, and debates will get deviated from main issues including economic policies. It cautions PM Modi to control his party men, otherwise he will lose his domestic as well as external reliability.

According to Moody’s, the land acquisition bill, GST bill and amended labour law bill may not be cleared by Parliament in 2015, but they may get cleared in year 2016.

Moody’s is of the opinion that Indian should make completely liberal capital account though the RBI is considering improvement in banking and financial structure, which may be possible in coming 2-4 years. Moody’s believes that liberal capital account will provide much access to Indian companies in foreign markets.

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