Moody's bond rating upgrade long overdue: Arvind Subramanian
Chief Economic Advisor Arvind Subramanian on Friday hailed India's rating upgrade by Moody's, saying it was "long overdue". He said, "It is a recognition of the actions that the government has undertaken on GST, bankruptcy and all of that." Moody's on Friday has upgraded India's sovereign rating to Baa2 from Baa3 and changed the outlook to stable from positive.