Decisive election mandate removes key risk for India Inc, says S&P

Rating agency Standard & Poor's on Monday said that the decisive victory for the incumbent government led by the Bharatiya Janata Party (BJP) in India's Lok Sabha elections removes one significant source of uncertainty for corporates in India.

The potential for reforms following the victory is likely to maintain buoyancy in local funding markets and improve the flow of foreign capital for corporates in India, S&P said in a statement said.

Corporates in India--especially rated ones--remain hostage to a number of worries surrounding a slowdown in global growth and trade wars. But now, the continuity of government--which was widely cited as an