India deserves upgrade in sovereign rating: Chidambaram

May 20, 2013 20:49

India deserves a rating upgrade in view of the improvement in the macro-economic situation, the conservative outlook of Standard & Poor's notwithstanding, Finance Minister P Chidambaram said today.

"Our case is that we deserve an upgrade both on the outlook and the rating. S&P may not have been convinced about that," he told reporters on the sidelines of the Annual Day function of the Competition Commission of India.

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