August 25, 2025 3:34 PM
Fitch affirms stable outlook on India, citing robust growth
Fitch Ratings on Monday affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a stable outlook. India’s rating is supported by robust growth and strong external finances, the rating agency said in a statement. It added that a strengthening record of delivering growth with macroeconomic stability and improving fiscal credibility should drive steady gains in structural metrics, including GDP per capita, and raise the likelihood of a modest decline in debt...