After Atal, Modi government's economy rises, after 13 years Moody's raises the rating


  • After Atal, Modi government's economy rises, after 13 years Moody's raises the rating
    After Atal, Modi government's economy rises, after 13 years Moody's raises the rating
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The international credit rating agency The Moody's has released fresh rankings on Friday. Moody's has reduced the Baa3 from Baa3 to Baa2 while keeping the control of India in a controlled and positive outlook. After increasing the rating of India by the World Bank, the International Rating Agency Moody's has also appreciated the economic reforms being taken by the central government. After 13 years, Moody's has increased India's rating. Earlier, Moody's had increased the rating in the government of Atal Bihari Vajpayee.
 
All the efforts of the government's upgrade upgrade are being seen to be successful. Moody's has said that the effect of Indian government's policies on the Indian economy has started to appear. The Indian economy has witnessed a durable growth and a reduction in debt, whose concrete impact is on its GDP.

The agency has reduced Baa2 from Baa1 to Baa1 while increasing the foreign currency bond rating. Moody's latest recitation has come a few days after the report of 'Is of Doing Business' in the ease of doing business of the World Bank. India's ranking has improved 30 places in the Isle of Doing business. In this year's report, India has secured 100th position in 189 countries worldwide.

After increasing the rating by Moody's, the government has been attracted to the greetings on Twitter. Railway Minister Piyush Goyal said that increasing the rating by Moody's has begun to acknowledge the whole of the PM and everyone's development slogan of the whole world.

Revenue Secretary in the Ministry of Finance, Hasmukh Aadhiya said that the government has chosen the way for the long term reform, the investors have already started accepting it. Now Moody's has increased the rating and stamped government's decisions.



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