Moody's Upgrades India For First Time Since 2004

The transcript discusses the positive reception of Modi's economic reforms, particularly the GST and bank recapitalization, by Moody's rating agency. These reforms are seen as a vote of confidence in the Modi government, with political and economic implications. The market reacted positively, but challenges like oil prices and trade deficits remain.

What major reform by the Modi government was highlighted as a positive by Moody's rating agency?

• Make in India Campaign

• Demonetization

• Goods and Services Tax

• Digital India Initiative

How is the rating upgrade perceived politically for Prime Minister Modi?

• As a setback

• As a minor achievement

• As a political win

• As a neutral event

What was the immediate market reaction to the rating upgrade?

• Negative

• Extremely positive

• Slightly positive

• Neutral

What concern do investors have about Indian stocks despite the positive rating upgrade?

• Lack of government support

• Decreasing foreign investments

• Low liquidity

• High valuations

What economic factor could potentially impact India's fiscal situation according to the transcript?

• Rising oil prices

• Increasing foreign debt

• Falling interest rates

• Decreasing exports