Reported 6 months ago
S&P Global Ratings indicated a potential upgrade in India's sovereign credit rating in the upcoming months, boosting Prime Minister Narendra Modi's government just before election results are revealed. S&P upgraded India's BBB- rating outlook to positive from stable, citing strong economic fundamentals that will support growth in the next few years. This outlook reflects the expectation of policy stability, economic reforms, and high infrastructure investment, leading to long-term growth prospects. The move coincides with India's inclusion in JPMorgan Chase & Co.'s emerging-market bond index next month, expected to attract significant foreign inflows.
Source: YAHOO