Japanese Credit Rating Agency upgrades India’s sovereign rating to A- from BBB+

Japanese Credit Rating Agency has upgraded India's sovereign rating to A- from BBB+. This upgrade reflects solid economic growth and effective policy implementation by the government. Robust private consumption and public investment are also key factors supporting this positive assessment. The economy is projected to maintain a growth rate exceeding six percent in FY27. India's financial system has shown improvements, with declining nonperforming loan ratios.