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Gurugram: Christopher Wood, managing director and equity strategist at CLSA, said the National Democratic Alliance (NDA) government scores eight out of 10 on the progress made on economic reforms. “The reason it’s not 10 is a big mistake made by the Modi government in not addressing banking problems immediately,” Wood said, adding demonetisation has helped weed out so-called black money.
“It was a brave step politically as it hurt small businesses, which were the supporters of the BJP” he told reporters at the CLSA India Forum.
“I support the real estate regulation Act. Good developers will take advantage of this, but obviously there is some near-term collateral damage,” said Wood.
The government has also introduced the landmark bankruptcy law, Wood pointed out.
Source: Modi govt gets 8/10 for progress on economic reforms: Christopher Wood
CLSA's Chris Wood backs Modi, says govt right in asking RBI for easing of policy | ET Now Exclusive
“It was a brave step politically as it hurt small businesses, which were the supporters of the BJP” he told reporters at the CLSA India Forum.
“I support the real estate regulation Act. Good developers will take advantage of this, but obviously there is some near-term collateral damage,” said Wood.
The government has also introduced the landmark bankruptcy law, Wood pointed out.
Source: Modi govt gets 8/10 for progress on economic reforms: Christopher Wood
CLSA's Chris Wood backs Modi, says govt right in asking RBI for easing of policy | ET Now Exclusive
