S&P Raises India's Credit Rating

  Published 11 months ago

S&P upgrades India's sovereign ratings, citing strong growth, stable outlook, but warns and fiscal deficits.

  • India posted 8.8% average GDP growth, the highest in Asia‑Pacific, driven mainly by domestic consumption sectors.
  • Government fiscal deficits remain wide, debt burdens high, yet growth moderates the debt‑to‑GDP ratio in the future.
  • U.S. tariffs' impact is manageable; switching from Russian crude would cost due to the narrow price differential.

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