How Modi govt lobbied Moody’s for ratings upgrade, but failed

Rating Agencies are major stake holder in international finance. No wonder they were identified as the prime culprit when global finance ran wild. The hallow institutions were tarnished. But not enough, I guess. Recent effort by Indian government to lobby one of the three  major rating agency.

Though it is highly unbecoming of Indian Govt to indulge in this, I guess the practice is quite widespread.

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