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Any decision of the government does widely affect an economy because these decisions are affecting the sentiments of a local investor as well as a foreign investor. The economic and structural reforms to boost the growth of the country were taken by the Indian government from last many years. This is the result of institutionalized reforms, that MOODY'S INVESTOR SERVICE upgrades the rating of Indian sovereign bond from Baa3 to Baa2. MOODY'S also changed the outlook of the Indian economy fromdoi:10.5281/zenodo.1185033 fatcat:tujshouaqrcvjm2q7qqb4hnrrm