November 17, 2017 2:34 PM

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Amit Shah & RS Prasad hail Moody's upgrading of India's sovereign

BJP President Amit Shah has attributed the Moody's upgrading of India's sovereign ratings to Narendra Modi government's steps taken for the good governance and reforms. <br/><br/>In a series of tweets, Mr. Shah said Moody's believes that government reforms will improve the business climate, enhance productivity, attract more investment and put India on a higher growth trajectory. <br/><br/>He said, it is all reflections of NDA government's hard-work and reform process.<br/><br/>Law Minister Ravi Shankar Prasad today said Moody's credit rating upgrade of India is a recognition of the changing face of the country underscored by good governance, transparent decision-making and pro-investment policies. <br/><br/>Talking to reporters in New Delhi, Mr. Prasad termed the rating upgrade as a matter of great honour and assurance. He said it also underlined India's prowess in digital governance and digital technology.<br/><br/>The US-based Moody's today upgraded India's sovereign<br/>credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.<br/><br/>

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