Failure to implement reforms may hamper investment and prove a “downside factor” for companies, Moody’s Investors Service cautioned on Wednesday, a day before the start of the winter session of Parliament.
The winter session is set to be stormy as the Narendra Modi government will try to push through reforms and the important GST Bill, while the Opposition will raise the issue of “intolerance.”
It’s unlikely that major reforms would be enacted in the Rajya Sabha where the ruling coalition is in a minority, said the agency, adding that despite overall supportive conditions for the companies, potential headwinds loom from a loss of reform momentum.
