Rating agency Moody's has raised the rating outlook of India from stable to positive, saying there is an increasing probability that actions by policy makers will enhance the country's economic strength and, in turn, the sovereign's financial strength over coming years. Moody's said it expected structural advantages, supported by relatively benign global commodity prices and liquidity conditions, will keep India's growth higher than that of its peers over the rating horizon. The ratings agency affirmed India's Baa3 rating.Reacting to it, Chief Economic Adviser in Ministry of Finance, Arvind Subramanian said, Moody's India upgrade validates the government's reform thrust of better growth, macro outlook, budget strategy of public investment and fiscal discipline.Reacting to the raising of rating outlook by Moody's, Finance Minister Arun Jaitley said, the upgrade in outlook is significant but government has to do more.