NewDelhi: Backed by Moody’s rating upgrade and 30-spot rise in ‘ease of doing business’, the central government is mulling over a plan to next come up with “1 billion-1 billion-1 billion” connectivity vision.
Nevertheless, there are no immediate deadlines put in place to achieve the target.
Pinning faith in the continued progress on economic front backed by institutional reforms, Moody`s Investor Services on Friday lifted the Government of India`s local and foreign currency debt ratings to Baa2 from Baa3.
The rating agency said that the reforms will improve the business climate in the country and raise productivity.
Moody`s also changed its rating outlook to stable from positive, saying that at the Baa2 level the risks to India`s credit profile were broadly balanced.
Bureau Report
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