Finance Minister Arun Jaitley addressing a press conference said on Moody's ratings is a reflection of the government’s positive work.

Here are what Jaitley talks:

The fact that a series of steps including GST and Note ban, which are now attractive Indian economy to a greater formalization and digitization, something which is being globally acknowledged: FM  Arun Jaitley

It is a credit and enforcement of tax reform process, mainly in the last 3-4 years.

A number of structural economic reforms that have taken place in these years have put India on a high trajectory development curve.

FM @arunjaitley on Moody's upgrade of India ratings: "India's rating has been upgraded from positive to stable after a gap of 13 yrs. It is a major international recognition of major economic & institutional reforms undertaken by GOI."

— Ministry of Finance (@FinMinIndia) November 17, 2017

FM @arunjaitley : "Moody's have rightly recognised the structural reforms undertaken - GST, sound monetary policy framework, addressing PSB recapitalization issue, measures taken to bring formalization & digitalization in the economy"

— Ministry of Finance (@FinMinIndia) November 17, 2017

The Moody's rating upgrade has come after 13 years, we welcome it

We feel it is a bit delayed, but it is recognition of all the positive steps and reforms taken by Modi government

Execution of Aadhaar has also been a very noteworthy step.

The GST reform has recognized as one of the most major reform steps taken in the history of Independent India.

It is acknowledgment and an endorsement of the reform process which has gone on in India, particularly in the last 3-4 years, where several structural reforms have taken place which has placed India on a path of high trajectory growth

We believe that it is a deferred recognition of all the positive steps which have been taken in India in the last few years, which has contributed to escalation of Indian economy

It is cheering that there are an international recognition and this recognition firms our willpower to follow the track that we have embarked upon

For 3 years in a row, India is the top growing economy among all main economies

Reforms are being put into practice at record pace... and I am sure that many who had worries on India's reforms process, can now introspect