Brief by Shorts91 NewsDesk / 10:54am on 15 Aug 2025,Friday India Global
For the first time in 18 years, S&P Global Ratings has upgraded India’s sovereign credit rating from BBB to BBB with a stable outlook, citing robust fiscal consolidation and sustained 8.8% GDP growth from FY22 to FY24 (Asia-Pacific’s highest). The move counters President Trump’s claim that “India is a dead economy.” S&P praised India’s infrastructure push, improved spending quality, and policy stability. Risks include weakening political commitment or economic slowdown. Despite Trump’s 50% tariffs on Indian exports, S&P and India’s Chief Economic Advisor say the impact will be minimal. The Finance Ministry welcomed the upgrade, reaffirming its commitment to reforms and inclusive growth toward achieving Viksit Bharat by 2047. (PC: Financial Times & NDTV)
