<h1>Moody's Upgrades India's Credit Rating to Baa2, Citing Economic Reforms and Stable Outlook After 13 Years.</h1> Moody's Investors Service has upgraded India's sovereign credit rating to Baa2 from Baa3, with the outlook changed to stable from positive, marking the first upgrade in 13 years. This enhancement reflects recognition of significant economic and institutional reforms by the Indian government, including the implementation of the Goods and Services Tax (GST), a robust monetary policy framework, and measures for bank recapitalization. Additionally, reforms aimed at economic formalization and digitalization, such as demonetization and the Aadhaar system, were acknowledged. The government's commitment to macroeconomic stability, reflected in reduced inflation and fiscal deficits, was also highlighted.