Why Moody's Raised India's Credit Rating

The video discusses the upgrade of India's sovereign rating to AA2 with a stable outlook, based on economic reforms and growth potential. It addresses concerns about the government's ability to implement these reforms and the challenges faced, such as demonetization and GST. The potential for a downgrade is linked to fiscal consolidation risks, while successful reforms could improve the credit profile. The combination of measures like GST, demonetization, and business environment improvements are key to the rating decision.

What measures are being taken to broaden the tax base in India?

What specific reforms did Narendra Modi implement that influenced the decision to upgrade the sovereign rating?