Follow fiscal glide path, says Jaitley after Moody's upgrade

Sees upgrade as a 'belated recognition' of the positive steps taken by the Central govt in past 3 years

A day after dithering on the fiscal glide path, Finance Minister Arun Jaitley on Friday said the government will maintain fiscal discipline and adhere to the roadmap suggested by a government-constituted panel. Jaitley’s remark follows an upgrade in India’s sovereign ratings by Moody’s Investor Services.

"Track record for past three years speaks for itself. We intend to move (ahead) on fiscal track. We should also keep in mind that the ratings welcomed collateral consequences of government's actions," Jaitley told a press conference after Moody's announced its decision.  

On Thursday, Jaitley was in Singapore, where he said: “No pause but