MUMBAI: Rating agency Moody's Investor's Service has said that India's macro- economic indicators have improved over the last few years which will help the country withstand volatility in global capital flows in coming months. It also said that recent policy measures by the government will stabilize inflation and help India grow 7% in FY16. According to Moody's and an effective announcement of the policies announced will improve India's credit profile. "The positive outlook on the rating reflects Moody's view that recent and proposed policies will stabilize inflation, improve the regulatory environment, increase infrastructure investment and lower government debt ratios," Moody's said in a statement. According to the rating agency, policy progress is likely to be slow and unlikely to be reflected in near term economic indicators.