After Moody’s upgraded India’s sovereign rating and a survey claimed that Prime Minister Narendra Modi was still a “popular leader”, the Congress on November 15 said both Mr. Modi and Moody’s have “failed to gauge the mood of the nation”.
The party said: “After destroying India’s economy, the Modi government was clutching at straws to claim lost credibility. “Modi ji and Moody’s ‘Jodi’ have failed,” Congress spokesperson Randeep Singh Surjewala tweeted.
“Hunger deaths, farmers shootings, agri distress, job losses, lowest credit ratings, rising prices, plunging exports, flawed GST, demonetisation disaster, stagnant growth are the real indices to measure it,” he added.
“They rely upon a World Bank report of Delhi/Mumbai to claim all is well and quote a PEW survey of 2,464 people to claim victory.
“At this pace, Modi ji should be fighting the next election abroad,” Mr. Surjewala added.
U.S. credit rating agency Moody’s on November 17 upgraded India’s sovereign rating to Baa2 from its lowest investment grade of Baa, while changing the outlook for the country’s rating to stable from positive.
Moody’s said its report was based on the Indian government’s “wide-ranging programme of economic and institutional reforms”.
