It further said that weak global cues and an impendingUnited Statesrate hike may also have an impact on Indian businesses.
It seems highly unlikely that the major reforms will get enacted by the Upper House of Indian parliament where the ruling coalition is in minority. "Healthy 7.5% GDP growth for India for the fiscal year ending March 2017 (FY2017) and a pick-up in manufacturing activity will be broadly supportive of business growth", says Vikas Halan, a Moody's Vice President and Senior Credit Officer. "We all recognise how important this is for the economy so we are in continuous discussion to see what we can do to get it passed in the winter session", he said.
The Narendra Modi-led government is hoping to go through with the Constitutional Amendment Bill for the roll-out of GST from April 1, 2016 in the forthcoming Parliament session.
Companies remain vulnerable to the volatile Indian rupee against the United States dollar and to low commodities prices which, in turn, has led to a sharp decline in external trade.
Fix Price (сеть магазинов)
Over the long term, they say, the price of copper could move higher as global production fails to keep pace with rising demand. Mining the important industrial metal requires huge volumes of water to control dust and separate copper from the earth.
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