We should celebrate Moody's upgrade by holding a midnight ceremony in Central Hall of Parliament and damn Standard and Poor. In the past, he has gone so far as to blame finance minister Arun Jaitley for making a "mess" of the economy. He had called demonetisation "an unmitigated economic disaster" and the GST rollout "badly conceived and poorly implemented. "Moody's on Friday bumped up India's local and foreign currency issuer ratings after 13 years, crediting the government's reforms, including the roll-out of the Goods and Services Tax (GST).Finance minister Jaitley took the opportunity to attack the opposition for its jibes on the note ban and the GST. "Playing on the name of Standard & Poor's, he had demanded to know why these rating analysts were even taken seriously, given their "Poor Standards."

Source: Times of India November 17, 2017 11:04 UTC