Last year in April, Moody's had changed India's rating outlook to 'positive' from 'stable' citing reform momentum and said it could consider India for an upgrade in next 12-18 months. India's sovereign rating by Moody's stands at 'Baa3', the lowest investment grade — just a notch above 'junk' status. During the meeting, the ministry would also mention the recent initiatives with regard to subsidies reduction programme and the commitment of the government to ensure a predictable tax regime. It will also highlight the steps being taken to improve the ease for doing business, generating jobs and self- employment opportunities through programmes like Make in India, Start up India and Stand Up India.