1. Moody’s India ratings upgrade: FM Arun Jaitley reveals what the next step is for PM Narendra Modi government

Moody’s India ratings upgrade: FM Arun Jaitley reveals what the next step is for PM Narendra Modi government

Making India a less cash-dependent country and bringing formalisation and digitisation to the economy will only help. (Moody's) reports are based on deeper analysis and not on political expediency.

Published: November 18, 2017 6:33 AM
Finance Minister Arun Jaitley (PTI)

On upcoming thrust area after rating upgrade by Moody’s

An emphasis on implementation and on reaping the benefits of the growth process in terms of expenditure on infrastructure building. A lot of expenditure on rural areas to improve the quality of life there.

On GST and demonetisation being hailed by Moody’s

Much of the criticism (of demonetisation and GST) didn’t originate from deep analysis. Moody’s commentary has more value… GST has broadened the market for all businesses in India and barriers and tax inspectors have been done away with. Even the rates have come down from pre-July level. Further rationalisation in GST is ongoing and an improved ecosystem will benefit businesses. Making India a less cash-dependent country and bringing formalisation and digitisation to the economy will only help. (Moody’s) reports are based on deeper analysis and not on political expediency.

On political benefit from ratings upgrade

We don’t want to link it (ratings upgrade) with elections as there are 3-4 elections in a year. If we relate everything with elections then we won’t be able to take stable decisions.

  1. S
    Suhas
    Nov 18, 2017 at 10:50 am
    U dont want to use this for political benefit but ur clowns and don in delhi have started beating the drums and u are not far behind.both have investiment grade same. Lower medium grade. And from delhi don to galli chor have started to dance. But arunjee, show us the money. Show us the growth. Show us employment. Show us growth in new houses, show us increase in industrial production index, show incresae in tax collection, show increase in gdp. But u have nothing to show, U r all expert in self glorification. U are expert in twisting facts. U r expert in twicking numbers, compairing apple with mango. But the fact is that, a notabandi is that operation which is successful but patiant is dead. # Demonitasition reminds us of a sheep who cheered when their leader promised them a blanket each. Till one sheep asked, " where the wool come from? Don zindabad But
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