Business/Economy
Government holding up India growth story - Hindustan Times
US credit rating agency Moody's on Wednesday hit the Indian government hard for not doing enough on the reforms front. It said, "The single biggest factor weighing on the (economic) outlook is the Indian government." The comment followed another rating firm, Standard and Poor's (S&P), lowering India's credit outlook to negative, raising questions over the economy that had taken a hit by borrowings, rising imports and political compulsions stalling key reforms.

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What happened (in 2002) was a blot. But it’s not good if we remember just that and forget other things that are happening. I congratulate Narendra Bhai. Gujarat’s development is helpful for India and if Gujarat develops the nation will also develop. I hope Narendra Modi won’t be confined to Gujarat for long and the nation will get his services.
Nitish Kumar, in December 2003
 

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