S&P Global Ratings upgraded India's outlook to 'positive' and retained the sovereign rating at 'BBB Minus'.

S&P Global Ratings upgraded India's outlook to 'positive' from 'stable', retaining the sovereign rating at 'BBB Minus'. The improved outlook reflects strong economic growth, which is positively influencing credit metrics, and the possibility of upgrading ratings if India adopts a cautious fiscal and monetary policy that reduces government debt and interest burden while enhancing economic resilience.

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