TIL Desk/National/New Delhi/ In a big boost to India, Moody’s Investors Service raised India’s sovereign bond rating for the first time since 2004. Elated over the rating agency upgrading India, Bharatiya Janata Party National President Amit Shah called it a proof of Narendra Modi government’s good work.
“Moody’s believes that Modi Govt’s reforms will improve the business climate, enhance productivity, attract more investment & put India on a higher growth trajectory,” he added.
“Modi Government’s good governance and reforms receive yet another vindication. Moody’s upgrades India’s sovereign ratings for the 1st time since 2004,” he tweeted.
Shah also recalled the recent increase in Ease of Doing Business rankings and Pew study and said that all these reflect the hard work that the Modi government in putting in. Upgrading India from Baa3 to Baa2, Moody’s said that the reforms being pushed through by Narendra Modi’s government will help in stabilising rising levels of debt.
