WHAT REFORMS LED TO THE CHANGE IN THE MOODY RATING FOR INDIA AND HOW HAS THE CHANGE IMPACTED THE INDIAN ECONOMY

The reformative regime by the Government of India has upgraded our stance on Moody?s index. Transformative policies have initiated a wave of positive sentiment with respect to nation credit worthiness and growth prospects; which has lead the US based Moody?s Investor services to promote India from Baa3 to Baa2 (Deepshikha Sikarwar 2017). Basis the in-depth content analysis of the existent literature, the present study reviews and delineates the curative impact of the recent economic reforms lead by the Indian government. It has been observed that the reforms of GST, Demonetization, Fiscal consolidation and Aadhar and DBT have led to higher growth in terms of GDP, improved business climate and stable financing for government debt and for India as an investment opportunity country.