MUMBAI: Prime Minister Narendra Modi led National Democratic Alliance's (NDA) loss in the Bihar state election is unlikely impact the medium term economic outlook in India, credit rating agency said in a note released on Monday.Thomas Rookmaaker, director in the Fitch Ratings’ Asia-Pacific Sovereigns team said that though NDAs loss in an important state of Bihar will complicate politics for NDA it is unlikely to have any impact on the government's economic agenda.Results annouced on Sunday showed that Nitish Kumar led Grand Alliance registered a strong win beating all predictions winning 178 of the 243 seats on offer. Modi's NDA won only 58 seats.However, the NDAs defeat will not lead to any expect major implications on the economic front, Rookmaaker said. "The election results are not likely to impact decisions by foreign investors in other states and a big win for the BJP in Bihar would not have led to sufficient support in the Rajya Sabha anytime soon anyway," Rookmaaker said.Fitch expects the government to continue to try and pass legislation via "ad hoc political deals, and if that does not work it may continue to resort to implementation of reforms at the state level."The 18 month old central government has faced stiff opposition particularly in passing the economically crucial land acquisition and goods and services tax (GST) bills.However Fitch said that the government has so far been successful in gradually rolling out a large number of initiatives."There is no indication it would now change course," Rookmaaker said.