The Government said India's macro-economic parameters are moving in a right direction and the country is ready to face the challenges posed by the downgrade of US economy. Talking to reporters in New Delhi yesterday, Finance Minister Pranab Mukherjee said that some of the investment banks have upgraded India to market weight, that means the basic fundamentals are strong. Welcoming the decline in crude prices, Mukherjee said this will help us manage inflation and also help in reducing subsidy on oil.