Fitch Ratings recently affirmed India’s long-term foreign currency issuer default rating at ‘BBB minus’ with a stable outlook, and projected GDP growth of 7.2 per cent in FY25 and 6.5 per cent in FY26, down slightly from 8.2 per cent in FY24.
The country, however, will be among the fastest-growing sovereigns.
Fiscal metrics remain a credit weakness, it noted.
The country, however, will be among the fastest-growing sovereigns.
Fiscal metrics remain a credit weakness, it noted.
