Setting an ambitious and realistic target for the fiscal deficit 2025-26, India has begun on the right note; however, a more aggressive reduction in government debt would greatly strengthen its sovereign rating profile, an analyst at Moody's Ratings said on Tuesday.

Low-hanging fruit: Moody's analyst bets for aggressive debt reduction to improve India's sovereign rating

The rating agency, however, cautioned that India's rupee was the worst performing currency in Asia

Fitch raises India's growth forecast; asserts rupee one of the 'worst performing' currency in Asia

Winning a better credit rating on India's sovereign debt would have been a much-needed endorsement of Prime Minister Narendra Modi's regime

India's Modi government pushed Moody's for better credit rating but failed: Reuters