ALSO READGovt's reform agenda powers Moody's India rating upgrade Moody's upgrades India's sovereign bond rating for first time in 14 years BJP lauds improved Moody's India rating upgrade Moody's upgrade a belated recognition of reform process: FM Arun Jaitley Moody's rating upgrade: Congress questions agency's reliability
"Contrast the mood at Moody's with the mood of the people. While you bask under their upgrade worry about livelihood millions have lost," Sibal said in a tweet.
"Moody talks about sunshine tomorrow. We are worried about the dark clouds today," he said.
US credit rating agency Moody's on Friday upgraded India's sovereign rating to Baa2 from its lowest investment grade of Baa3 after 13 years.
Maintaining that the upgrading was based on New Delhi's "wide-ranging programme of economic and institutional reforms", Moody's simultaneously changed the outlook for the country's rating to stable from positive and upgraded India's local and foreign currency issuer rating to Baa2 from Baa3.