Moody's upgrades India rating outlook to positive

Published By : Admin | April 9, 2015 | 13:51 IST

Moody's ratings revised India's sovereign rating outlook to "positive" from "stable" on Thursday as it expects the actions by policymakers will enhance the country's economic strength in the medium term.

Moody's also said that it expected structural advantages, supported by relatively benign commodity prices and liquidity conditions globally, will keep India's growth above its peers over the rating horizon.

The outlook revision was announced before Indian markets opened on Thursday. Analysts said they expected bank stocks to rise and the rupee to strengthen on the upgrade.

The investor-friendly Narendra Modi government, which came to power last May promising faster growth, more jobs and quick clearances, has taken measures to fast-track clearances for investment projects, boost infrastructure investment and remove policy uncertainty in mining and coal sectors.

The government has also relaxed foreign investments in sectors such as defence, insurance, e-commerce, railways and eased steps to allow businesses to acquire land and set up factories.

"India's policymakers are establishing a framework that will likely allow India's growth to continue to outperform that of its peers over medium term and improve India's macro-economic, infrastructure and institutional profile," Moody's said in its statement.

Moody's has a Baa3 rating on India.

After a recent revision in the methodology of measuring gross domestic product, which raised a lot of scepticism from policymakers including government and central bank officials, India registered growth of 7.5 percent in the December quarter, higher than China's.

Read more: https://in.reuters.com/article/2015/04/09/india-moody-s-idINKBN0N004S20150409

 Courtesy: REUTERS

Explore More
ಪ್ರತಿಯೊಬ್ಬ ಭಾರತೀಯನ ರಕ್ತ ಕುದಿಯುತ್ತಿದೆ: ಮನ್ ಕಿ ಬಾತ್ ನಲ್ಲಿ ಪ್ರಧಾನಿ ಮೋದಿ

ಜನಪ್ರಿಯ ಭಾಷಣಗಳು

ಪ್ರತಿಯೊಬ್ಬ ಭಾರತೀಯನ ರಕ್ತ ಕುದಿಯುತ್ತಿದೆ: ಮನ್ ಕಿ ಬಾತ್ ನಲ್ಲಿ ಪ್ರಧಾನಿ ಮೋದಿ
Make (more) in India: India switches to factory settings for niche electronics

Media Coverage

Make (more) in India: India switches to factory settings for niche electronics
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister congratulates eminent personalities nominated to Rajya Sabha by the President of India
July 13, 2025

The Prime Minister, Shri Narendra Modi has extended heartfelt congratulations and best wishes to four distinguished individuals who have been nominated to the Rajya Sabha by the President of India.

In a series of posts on social media platform X, the Prime Minister highlighted the contributions of each nominee.

The Prime Minister lauded Shri Ujjwal Nikam for his exemplary devotion to the legal profession and unwavering commitment to constitutional values. He said Shri Nikam has been a successful lawyer who played a key role in important legal cases and consistently worked to uphold the dignity of common citizens. Shri Modi welcomed his nomination to the Rajya Sabha and wished him success in his parliamentary role.

The Prime Minister said;

“Shri Ujjwal Nikam’s devotion to the legal field and to our Constitution is exemplary. He has not only been a successful lawyer but also been at the forefront of seeking justice in important cases. During his entire legal career, he has always worked to strengthen Constitutional values and ensure common citizens are always treated with dignity. It’s gladdening that the President of India has nominated him to the Rajya Sabha. My best wishes for his Parliamentary innings.”

Regarding Shri C. Sadanandan Master, the Prime Minister described his life as a symbol of courage and resistance to injustice. He said that despite facing violence and intimidation, Shri Sadanandan Master remained committed to national development. The Prime Minister also praised his contributions as a teacher and social worker and noted his passion for youth empowerment. He congratulated him on being nominated to the Rajya Sabha by Rashtrapati Ji and wished him well in his new responsibilities.

The Prime Minister said;

“Shri C. Sadanandan Master’s life is the epitome of courage and refusal to bow to injustice. Violence and intimidation couldn’t deter his spirit towards national development. His efforts as a teacher and social worker are also commendable. He is extremely passionate towards youth empowerment. Congratulations to him for being nominated to the Rajya Sabha by Rahstrapati Ji. Best wishes for his role as MP.”

On the nomination of Shri Harsh Vardhan Shringla, the Prime Minister stated that he has distinguished himself as a diplomat, intellectual, and strategic thinker. He appreciated Shri Shringla’s contributions to India’s foreign policy and his role in India’s G20 Presidency. The Prime Minister said he is glad to see him nominated to the Rajya Sabha and expressed confidence that his insights will enrich parliamentary debates.

The Prime Minister said;

“Shri Harsh Vardhan Shringla Ji has excelled as a diplomat, intellectual and strategic thinker. Over the years, he’s made key contributions to India’s foreign policy and also contributed to our G20 Presidency. Glad that he’s been nominated to the Rajya Sabha by President of India. His unique perspectives will greatly enrich Parliamentary proceedings.
@harshvshringla”

Commenting on the nomination of Dr. Meenakshi Jain, the Prime Minister said it is a matter of immense joy. He acknowledged her distinguished work as a scholar, researcher, and historian, and noted her contributions to education, literature, history, and political science. He extended his best wishes for her tenure in the Rajya Sabha.

The Prime Minister said;

“It’s a matter of immense joy that Dr. Meenakshi Jain Ji has been nominated to the Rajya Sabha by Rashtrapati Ji. She has distinguished herself as a scholar, researcher and historian. Her work in the fields of education, literature, history and political science have enriched academic discourse significantly. Best wishes for her Parliamentary tenure.
@IndicMeenakshi”