S&P upgrades India's sovereign outlook to positive, citing growth potential and strong external position.

S&P Global Ratings highlights India's growth potential and strong external position in South Asia, despite global economic challenges. India's fiscal deficit trajectory will impact its sovereign ratings, and its status as a net external creditor supports its investment-grade rating. S&P has upgraded India's sovereign outlook to positive from stable, with potential for further upgrades if fiscal deficit control continues.

August 06, 2024
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