Oct 5 (Reuters) - Ratings agency Moody’s on Tuesday upgraded its outlook on India to stable from negative, citing a pick-up in the country’s economic recovery. “An economic recovery is underway with activity picking up and broadening across sectors,” the ratings agency added. Moody’s also affirmed India’s sovereign credit rating at Baa3. (Reporting by Mehr Bedi in Bengaluru; Editing by Saumyadeb Chakrabarty)