What could be the reason behind Moody's ending India's 13-Year wait for a Rating Upgrade?
The introduction of GST and Demonetization creating a postive change in the country
Prediction of GDP growth of 7.5% in the financial year 2017-18 and further growth in the following years.
‎Improvements in the monetary policy framework addressing the overhang of NPAs leading to enhanced transparency and efficiency.
‎Introduction of the Aadhaar card as a compulsory identifier and linking it with PAN accounts which boosts business confidence in India while eliminating the idea of forgery.
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