Moody's Investors Service has said, low commodity prices and better FDI inflows have reduced India's vulnerability to external shocks which is credit positive for India. The rating agency in a report released yesterday said, that India's external financing needs have diminished significantly over the last three years. These trends are credit positive, as they lower India's susceptibility to external shocks at a time when capital flows to emerging markets are volatile.Net FDI inflows hit an all-time high in January this year at 3 billion US dollars. The report said, higher inflows suggest that government policies, such as efforts to liberalise foreign investment limits in several sectors and the 'Make in India' campaign, are bearing fruit. The report also said, development of industrial corridors, investment and manufacturing zones and 'smart cities' will further bolster investment inflows.