Moody's upgrades outlook on India's sovereign rating to stable

International ratings agency Moody's has upgraded the outlook on India's sovereign rating to Stable from Negative. Upgrading the outlook, the Rating Agency yesterday cited broadening of the economic recovery and receding financial sector risks. The agency noticed that the rising vaccination has reduced growth risks from subsequent coronavirus infections. Chief Economic Advisor K V Subramanian said that better improvement is expected in India's sovereign rating.  He sai...