US-based agency declined to budge citing concerns over the country's debt levels and fragile banks.
In India, renewable generation could act as a complementary source of power rather than a competitor to thermal
This is mainly underpinned by consistent regulatory returns and its expectation of manageable increases in fuel costs
The Indian companies' R&D investments are low in absolute terms, but large relative to their size - at 5% to 8%
Finance Minister Arun Jaitley had last week questioned the global agencies' reluctance to recognise the government's reform measures
However, says Indian banking system's asset quality, loan loss coverage and capital ratios remain weak
The report says further development in the PPP framework may help stimulate more private investment
Moody's said that historical underinvestment and rapid economic growth are straining India's existing infrastructure
Under the draft bill, public sector banks will be brought under the ambit of the resolution framework
The Moody's rating cut may mean Turkey will have to pay more to borrow money on international markets
Further remittances to Asia could weaken if the US tightened immigration rules, Moody's added
Moody's had said on Tuesday that it could upgrade India's rating in 1-2 years if it was convinced that reforms were 'tangible'
'Giving ruling before arguments starts' takes away relevance of meeting with rating agency
India's sovereign rating by Moody's stands at 'Baa3', the lowest investment grade, just a notch above 'junk' status
Stable system outlook driven by five factors, including operating environment and government support
Moody's also that said it expects limited policy rate cuts over the next 12 months, which should help stabilise Net Interest Margin
Officials say that the case for a ratings upgrade has been the strongest in years, given the various actions on the economic and fiscal front
Moody's further said inclusion of corporate bonds in the RBI liquidity adjustment facility will benefit corporates
Cautions that risks to banking sector remain
Policies like relaxation of thresholds for FDI and a change in the monetary policy framework that fosters credibility will contribute to more stable economic environment