Election results and immediate impact A Moody's Ratings analyst predicts that India's ambitious efforts at budget restructuring will be hampered by the alliance led by Prime Minister Narendra Modi's smaller victory margin in the elections.

Narrow election victory limits scope for Indian fiscal reforms, says Moody's analyst

Japanese Prime Minister Fumio Kishida`s cabinet approved on Friday a record $940 billion budget for the next fiscal year as COVID-19 responses came on top of the premier`s aim of achieving growth and wealth distribution under his new capitalism agenda.

Japan's record $940 billion budget to help recovery as fiscal reform in back seat

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