India has greater chance of rating upgrade in 12-18 months

April 9, 2015 5:25 AM

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MUMBAI, April 9 (Reuters) - India's chances of a sovereign rating upgrade over the next 12-18 months is greater as investments are expected to revive, growth to improve and inflation to stay modest, Moody's sovereign rating analyst Atsi Sheth said on Thursday.

Earlier in the day, Moody's upgraded India's sovereign rating outlook to "positive" from "stable", as it expects the actions by policymakers will enhance the country's economic strength in the medium term.

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