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S&P raised India's rating from 'stable' to 'positive', said this on the expenditure on infrastructure
S&P Ratings: S&P has revised the outlook for India from 'stable' to 'positive'. Along with this, the agency has confirmed 'BBB-' long-term and 'A-3' short-term foreign and local currency sovereign credit ratings.
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“S&P raised India's rating from 'stable' to 'positive', said this on the expenditure on infrastructure”
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29 May 2024
S&P Global Rating has raised India's credit (rating) outlook from 'stable' to 'positive'. Along with this, the rating has been maintained at 'BBB-' on the basis of strong growth and better quality of government expenditure.
S&P said that if India adopts cautious fiscal and monetary policy which reduces the increased debt and interest burden of the government and increases economic resilience, then it can increase India's credit in the next two years.
S&P said, "The positive scenario is consistent with our view that continued policy stability, deeper economic reforms, and more investment in infrastructure will maintain long-term growth prospects."
