Moody's rating upgrade +after a gap of almost 14 years +rating upgrade. +steps including demonetisation +NEW DELHI: Finance minister Arun Jaitley today used the announcement of aof India to slam the opposition's critique of the note ban and the rollout of the Goods and Services Tax GST ). "When asked if he expects other agencies like S&P and Fitch to upgrade, he said: "Let's hope they are not inconsistent amongst each other. "Economic Affairs Secretary Subhash Chandra Garg said the upgrade is definitely a big vindication of the structural and institutional reforms that India is doing. They are projecting a little rise in the trajectory going forward, so they are conscious of the real dynamics of the debt situation.

Source: Times of India November 17, 2017 07:38 UTC