India’s Sovereign Rating Upgraded to BBB+ by R&I
India's long-term sovereign credit rating has been upgraded to 'BBB+' from 'BBB' by the Japanese credit rating agency R&I, marking the third upgrade this year. This reflects global confidence in India's economic resilience, robust growth prospects, and prudent fiscal management. The upgrade is supported by strong domestic demand, fiscal consolidation, and manageable debt levels, despite some external risks. The Indian government aims to maintain this momentum through policies promoting inclusive growth and macroeconomic stability.
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