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A belated recognition of all the positive steps

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Giving his reaction on Moody’s upgradation of India’s sovereign rating to Baa2 with a stable outlook, from Baa3, Union Finance Minister Shri Arun Jaitley said it is encouraging to see international recognition.

“We welcome this upgrade, we believe that it is a belated recognition of all the positive steps which have been taken in India in the last few years, which has contributed to strengthening of Indian economy,” said Shri Jaitley.

Shri Arun Jaitley added, “Many who had doubts about India’s reform process would now seriously introspect on their position”.