India's rating upgrade shows strong GDP growth: S&P Director Phua
S&P Global upgraded India's ratings from 'BBB-' to 'BBB', which reflects fiscal discipline, strong GDP growth, and stable inflation, said Director YeeFarn Phua. While speaking about what prompted the upgrade, he explained, "[An] important factor was India's monetary policy settings and its developments." He added, "Inflation has been controlled at a much durable rate in recent years."