"In terms of sovereign ratings, if India was fairly rated, it should be at least one, if not two grades higher. There is no reason for India to be at the bottom of the investment grade," Sanyal said.
He was speaking at the
Sanyal said frameworks of the rating agencies should be questioned, and India should realise that those can be replaced with "ease".
"Why should we have to abide by rules and norms of the West, which we had no role in framing....just like the several indices where we feature below 100," he added.