Is it true that S&P has taken a more positive view on India compared to Moody’s with respect to sovereign rating?

That is correct because despite the upgrade of Indian ratings in 2017, today Moody’s is more pessimistic about India than S&P. In fact, Andrew Wood of S&P has clarified that the long term 7% growth trajectory of India was still intact despite the COVID-19 pandemic. On Wednesday, S&P had retained its rating at the lowest investment grade for India sovereign debt. Unlike Moody’s, S&P retained the outlook for the Indian economy at Stable. Moody’s had downgraded India’s outlook to negative along with a rating downgrade. Wood clarified that while the Indian economy could likely contract by 5% in FY21, the economy could bounce sharply in 2022. That may be the good news and Fitch is likely to follow suit.