India can get reforms on track: Moody8217;s

India has some leeway to get reforms back on track with its long-term growth prospects firm,Tom Byrne,a senior vice president of rating agency Moody8217;s Investors Service,said on Wednesday.

There is no imminent funding crisis because of policy slippages,Byrne told reporters at the Asian Development Bank8217;s ADB annual meeting in Manila,explaining the rating agency8217;s stable outlook for India.

Standard amp; Poor8217;s Samp;P last week cut India8217;s outlook to negative from stable,citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints,battering stocks,bonds and the rupee.