Economic Affairs Secretary Shaktikanta Das has said, the global rating agencies are several steps behind from reality, at least, so far as India is concerned. In an interview to news agency PTI, Mr Das said, these agencies are missing out on something which only they can best explain. The statement comes after global rating agencies failed to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters. India was last upgraded by rating agencies almost a decade back. Fitch upgraded India's sovereign rating to BBB in 2006 while Standard & Poor's in 2007. Mr Das said, one can compare the reform measures which India has undertaken with the track record of reforms in any other country in the last 2.5 years.Even Chief Economic Advisor Arvind Subramanian, in the Economic Survey, slammed global rating agencies for following inconsistent standards while rating India vis-a-vis China. He said, the rating agencies have not taken into account reform measures like GST, which is a poor reflection on their credibility.