"fitch"

The base case presented in Fitch's report assumes that traffic at GHIAL will rebound to pre-pandemic levels before the conclusion of 2023.

Fitch believes that political support in favour of legislative changes to the Act, which are required in order to go through with the sale, could be a significant hurdle for the government.

However, recovery is likely to be delayed as economic activity dropped in April-May, says Fitch

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

The pandemic aggravated the discoms' difficulties due to the fall in electricity demand from higher-paying commercial and industrial customers

Fitch ratings said the revival of the reform agenda is among the Indian government's policy responses to the Covid-19 pandemic shock

Says India must repair balance sheets and increase caution about long-term planning

Fitch Solutions Country Risk and Industry Research noted that some of the operational risks present in the country would still remain a challenge for many investors despite the incentive