Japan’s JCRA upgrades India’s rating to A-
The Japan Credit Rating Agency (JCRA) has raised India's sovereign credit rating from BBB+ to A-, citing strong economic growth, a robust financial system, and policies aimed at improving productivity and development. JCRA also assigned a Stable outlook to both India's foreign currency and local currency long-term issuer ratings.
The agency highlighted India's sustained high growth of around 7%, supported by robust private consumption and public investment. They also noted the implementation of policies such as digital public infrastructure and the goods and services tax (GST), which have strengthened India's economic foundations.
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