Moody's, Modi out of sync with nation's mood..Congress mocks BJP hype

New Delhi, Nov 18: Congress on Saturday mocked Narendra Modi government's efforts to hype and take credit for Moody's rating upgrade, saying that NDA government was "clutching at the straws to claim lost credibility".  Tearing into the Moody's hype, Congress further said that the reports coming from abroad do not reflect reality and the actual mood of the people here.

" Modiji and Moody's combination have failed to gauge the 'Mood of the Nation'. Hunger deaths, farmer's 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," said senior Congress leader Rajeev Shukla.

Reacting to the hype over World Bank's 'Ease of Doing Business' report and Pew study on PM Modi's continuing popularity, Congress said the that the World Bank report was based on business environment in just Delhi and Mumbai,  while the Pew report was based on just 2,464 interviews. "At this pace, Modiji should be fighting next election abroad," joked Congress spokesperson Randeep Surjewala on how BJP was over reacting to foreign reports.

US credit rating agency Moody's on Friday upgraded India's sovereign rating to Baa2 from its lowest investment grade of Baa3 after 13 years. Maintaining that the upgrading was based on New Delhi's "wide-ranging programme of economic and institutional reforms", Moody's simultaneously changed the outlook for the country's rating to stable from positive and upgraded India's local and foreign currency issuer rating to Baa2 from Baa3.