Exclusive Complete Session On Moody's Rating Upgrade | #CurrentAffairs For #UPSC & Others Govt. Exams
1) What is the impact of #Moody's credit rating on #IndianEconomy?
After a gap of 13 years, US-based Moody's today upgraded India's #Sovereign #CreditRating by a notch to 'Baa2' with a stable #Outlook. The reason cited was the improved growth prospects driven by economic and institutional reforms.
The government says it was long overdue and is a recognition of the reforms undertaken in the last three years.
Recognition of all the positive steps which have been taken in India in the last few years, which has contributed to the strengthening of the Indian economy.
Moody's Upgrades #India's Credit Rating For First Time Since 2004.
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