What does India's credit rating increase by S&P mean?
S&P Global raised India's rating to 'BBB' from 'BBB-', citing sustained fiscal discipline and stable inflation. This indicates policy stability and high infrastructure investment, boosting India's long-term growth. The rating shows country's ability to meet debt demands, ranging from safest AAA to highest-risk D. S&P stated that India's economic expansion will positively impact its credit metrics.