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flag Japan's R&I upgrades India's credit rating to BBB+ with stable outlook, citing strong fiscal and economic fundamentals.

flag Japan's R&I upgraded India's long-term sovereign credit rating to BBB+ from BBB with a stable outlook, marking the third such upgrade in 2025. flag The agency cited strong fiscal discipline, buoyant tax revenues, resilient domestic demand, and improved external stability, including a modest current account deficit and sufficient foreign exchange reserves. flag India’s economy is projected to grow at 6.5% in FY26, with the fiscal deficit targeted at 4.4% of GDP. flag The upgrade reflects growing international confidence in India’s economic management and long-term growth prospects.

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