Ratings agency, Moody's today said that reform measures undertaken by the Indian government will broaden the tax base, and help cut down debt.Moody's said, effective implementation of key fiscal and banking sector reforms will address India's core credit challenges. It also said that while GST will have a muted short-term impact, its benefits will accrue over the medium term.It said recent government measures to address Non-Performing Assets, NPAs, and the promulgation of the Insolvency and Bankruptcy Code 2016 are credit positive, as they provide a clearer framework for NPA resolution. But Moody's added that until NPAs are resolved, banks' ability to finance potential investment will be constrained.