India set to impress rating agencies with reforms agenda

India will make a strong pitch about high-octane reforms being pursued by the BJP-led NDA government when the credit rating agencies begin meeting with finance ministry officials next week and is confident about a robust rating.

Concerns have also been raised on the methodology used by various agencies in rating a country which is far from being fair. The meeting of representatives of rating agencies with the top officials of the ministry will begin from August 12 with the Standard & Poor’s. The Japan Credit Rating Agency is scheduled to meet on August 28. Thereafter, Fitch and Moody’s are expected to meet in September and October.

“We are going to tell them about what is the state of our economy now, how the government policy is moving further, what are the highlights of the budget, the forecast of growth and other macro parameters when they meet,” Finance Secretary Arvind Mayaram told Deccan Herald.