The former Australia captain said Moody is young, talented and will gel with the Indian team.
The ratings agency currently rates India at Baa3
Moody's has predicted a slow growth rate for India's industrial sector in 2008.
India's exports, which is on a declining spree since October last year, is likely to stabilise in the next few months, but the real recovery will happen only by 2010, Moody's said.
The sovereign ratings outlook for India may turn negative, from stable currently, if the country's fiscal policy fails to check external shocks like crude prices or aggravates the inflation concerns, global rating agency Moody's warned on Monday.
International rating agency Moody's has indicated that it is unlikely to revise India's rating, but prescribed strong measures to curb fiscal deficit for spurring growth during the Congress-led coalition government's regime.
"The stronger-than-expected start of the fiscal year has prompted . . . to revise India's annual growth forecast from 6.2 per cent to 6.4 per cent," Moody's economy.com, a research arm of Moody's, said in a release.
Moody's on Monday upgraded India's local currency sovereign rating by a notch on the country's efforts toward fiscal reforms and the economy's capacity to face a crisis, a move that that will result in greater capital inflows and appreciation of rupee value.
The government had on Wednesday issued a statement dismissing report of Moody's Analytics.
Government has been able to push through economic reforms, especially allowing foreign investment in multi-brand retail.
India plans to keep its fiscal deficit within 3.9% of GDP.
Moody's cited a likely rise in the bank's non-performing assets in the near future as one of the reasons for the downgrade.
The report further pointed out that the current rupee volatility will be 'less damaging than in 1991, when low reserves and a widening current account deficit prompted India's last balance of payment crisis'.
Indian economy is likely to expand in the range of 5.4 to 5.9 per cent this fiscal, as per government estimates.
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
It had upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms would help stabilise rising levels of debt.
RCB take on Chennai Super Kings, who are also in contention for a play-offs berth, in their final league game on Saturday.
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
India's top fuel retailers IOC, BPCL and HPCL together lost around $2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 days despite prices of crude oil (raw material for producing fuel) rising to $120 per barrel compared to around $82 in early November when the hiatus began. "Based on current market prices, the oil marketing companies are currently incurring a revenue loss of around $25 (over Rs 1,900) per barrel and $24 per barrel on sale of petrol and diesel, respectively," Moody's said in a report.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
"India's gross domestic product growth to remain weak at 5.5 per cent in the fiscal year ending March 2015, as elections in mid-2014 will delay reforms needed to revive the economy," Moody's Investors Service said in a report.
Moody's said the negative outlook reflected uncertainty over the refinancing of Macrotech's (formerly Lodha Developers) upcoming debt maturities.
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.
Global rating agency Moody's on Thursday placed India on a possible upgrade on foreign currency debt and painted a rosy picture for the economy, projecting a seven per cent growth.
Fitch Ratings on Tuesday raised India's growth forecast for the current fiscal to 7.2 per cent, from 7 per cent projected in March, saying elevated consumer confidence will drive spending, besides increased investments. In June update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5 per cent by end of this year and RBI to cut policy interest rates by 25 basis points to 6.25 per cent.
Former Australia player Tom Moody believes India need to be flexible with their batting order in white ball cricket.
Bharti recorded $5 billion liability for past-due AGR fees, but is still completing its self-assessment to determine the final amount.
Former Team Director Ravi Shastri will be the front-runner for the Head Coach's job of the Indian men's cricket team when the three-member Cricket Advisory Committee (CAC) meets in Mumbai on Monday to scrutinize candidates for the high-profile vacancy.
The growth had slumped to sub-5 per cent in the earlier two consecutive fiscals.
Former India pacer S Sreesanth on Friday backed Hardik Pandya's selection in the T20 World Cup squad, saying the all-rounder's presence alongside Virat Kohli will make for a "great combination" when chasing tricky totals.
Although fundamentals remain strong and its prospects upbeat after an impressive pace in 2007, the growth in India's domestically-driven economy would moderate in 2008 as domestic demand eases and exports cool, according to Moody's Economy.com, a subsidiary of the global credit rating agency.
Veteran coach Tom Moody on Thursday said the players' performance in highly-competitive leagues like IPL and ILT20 will have an added heft this time because of the impact it can have on the team selection ahead of the T20 World Cup.
The US Federal Reserve on Wednesday night hiked interest rates by 0.25%.
Doubles specialist Wesley Moodie was named in South Africa's five-member squad for the Davis Cup World Group play-off tie against India, from September 18 to 20, in Johannesburg.
Moody's assigns 'Baa3' rating on India, with a stable outlook.
'Probability has increased for India to have improved fundamentals'.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Moody's Investors Service has changed the outlook for the long-term foreign currency deposit ratings of a number of Indian banks -- currently rated Ba2 -- from 'negative' to 'stable' for India.
