New Delhi: With the nation’s strong and resilient macroeconomic fundamentals, Union finance ministry on Friday lauded Japan’s Rating and Investment Information, Inc (R&I) for its scores which upgraded India’s long-term sovereign credit standing to ‘BBB+’ from ‘BBB’, whereas retaining the ‘steady’ outlook for the Indian economic system.
After world score company S&P upgraded India’s sovereign score to ‘BBB’ from BBB- in August 2025 and Morningstar DBRS’ improve to ‘BBB’ from low of BBB in May 2025, that is the third such improve of India by an Asian sovereign credit standing company this yr.
As per R&I’s India sovereign score evaluation, the scores improve is supported by India’s place as one of many world’s largest and fastest-growing economies, underpinned by its demographic dividend, strong home demand, and sound authorities insurance policies.
In a press release, the finance ministry additionally welcomed the score improve by R&I, saying that the federal government stays dedicated to constructing on this momentum by insurance policies that promote inclusive, high-quality development alongside fiscal prudence and macroeconomic stability.
“Three credit standing upgrades for India in 5 months mirror growing world recognition for India’s strong and resilient macroeconomic fundamentals and prudent fiscal administration, and underscore world confidence in India’s medium-term development prospects amid prevailing world uncertainties,” the ministry stated.
“The insurance policies of the administration of Prime Minister Narendra Modi aimed primarily at attracting international producers to India, growing infrastructure, institutionalising the authorized framework to enhance the enterprise atmosphere, lowering the reliance on vitality imports and making certain financial safety,” the ministry added.
R&I additionally recognised the progress in fiscal consolidation by the federal government, pushed by buoyant tax revenues and rationalisation of subsidies, and a manageable stage of debt, together with excessive development. “India’s strengthened exterior stability, mirrored in modest present account deficit, steady surpluses in providers and remittances, low exterior debt-to-GDP ratio, and enough foreign exchange cowl,” it stated.
