#easynomics #sandpglobal #economicgrowth #sovereigrating #loksabhapolls #indiangdp
S&P Global has sparked hopes for a long-awaited sovereign ratings upgrade for India by raising its country outlook to positive from stable after 14 years. The global rating agency cited India's sound economic fundamentals, robust growth momentum, and government spending as reasons for the decision, while keeping its sovereign credit ratings unchanged at 'BBB-/A-3'. S&P mentioned that cautious fiscal and monetary policies could lead to an improvement in ratings over the next two years. “The positive outlook reflects our view that continued policy stability, deepening economic reforms, and high infrastructure investment will sustain long-term growth prospects. Additionally, a cautious fiscal and monetary policy that reduces the government's elevated debt and interest burden while enhancing economic resilience could lead to a higher rating within the next 24 months," the rating agency stated.
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Негізгі бет S&P Raises India Outlook: What Does S&P Upgrade Mean For India?
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