Why Moody's upgraded India after 14 years and what this means for economy

The big trigger for Moody's was the massive boost to resolving banking NPAs

The upgrade, Moody’s first of India since January 2004, moves the rating to the second-lowest investment grade, one notch higher than Standard & Poor’s and Fitch, which have kept India just above “junk” status for a decade and more.The decision by Moody’s is a plaudit for Prime Minister Narendra Modi’s government and the reforms it has pushed through, and comes just weeks after the World Bank moved India up 30 places in its annual ease of doing business rankings. This author decodes what the rating upgrade means for the Indian economy.

 International rating agency, Moody’s, upgraded India’s