Union Finance Minister Arun Jaitley has stated that U.S.-based international economic grading firm Moody’s has lauded the growth of the Indian economy, which is a great ‘recognition’ of the BJP-led Centre’s efforts in improving the economy for the past 3 years.

Moody’s has predicted a ‘steady economic growth’ in India over the next few years. It has upgraded India’s economic buoyancy from a scale of ‘Baa3’ to ‘Baa2’ which is likely to make India bargain easily for loans/grants from international financial institutions such as IMF and the World Bank.

Speaking to newsmen in New Delhi yesterday, Jaitley said that Moody’s has increased India’s economic grading for the first time in the past 13 years. “Thanks to the economic reforms put in place by the BJP-led Centre, India has achieved such a status. Demonetization, implementation of GST and making Aadhaar mandatory for all services have strengthened the country’s economy.

“Our initiatives have resulted in making India one of the fastest growing economies during the past 3 years. Those criticizing the Centre should feel the time has come for them to review/reconsider their misplaced opinion,” he said. Positive grading by Moody’s resulted in improved trading at the National Stock Exchange, Mumbai.