Fitch Retains India’s BBB- Rating With Stable Outlook, Cites Growth Resilience
The ratings agency said India’s strong macroeconomic fundamentals and improving policy credibility are expected to support economic growth despite short-term challenges arising from higher energy costs due to geopolitical tensions in the Middle East. Fitch noted that India’s position as a major net importer of energy leaves it exposed to risks from the ongoing US-Iran conflict. However, the…
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