India Reaches Cusp of Cyclical Recovery

India Reaches Recovery Cusp www.purnartha.comIndia has entered 2016 on the cusp of cyclical growth recovery, which offers opportunities that may not be available to many of its emerging market peers that are more dependent on exports and commodities, says Raymond W McDaniel, CEO of Moody’s Corporation, the parent company of Moody’s Investors Service and Moody’s Analytics. On the other hand, Indian corporate and bank balance sheets, hit by the previous slowdown, are still being repaired, and until this process of repair is complete, the ongoing economic recovery will likely remain muted.

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