Fitch maintains India’s credit rating at ‘BBB-‘ with a stable future perspective
Fitch Ratings pinpointed India’s robust growth potential as a key supporting element for the sovereign rating.
The rating agency observed that India’s feeble public finances, as reflected by its high deficits and debt relative to peers.
India’s growth potential is supported by various factors, such as its large and diverse economy, a young and growing workforce, a burgeoning middle class, and ongoing economic reforms.