No material impact of reforms: Atsi Seth

Atsi Seth of Moody's says that the government's reform push has indeed boosted sagging investor sentiment, but there won't be any material impact. Moody's believes the measures are too small and the implementation risks are too high. Atsi Seth says the government could have affected a higher diesel price hike to offset the burgeoning subsidy bill, even though systemic inflation is likely to remain elevated. Moody's cant predict a turnaround in India's growth story, yet.