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Japan Credit Rating Agency raised India’s sovereign rating to A- from BBB+ with a stable outlook.
The agency cited sustained high economic growth and improved financial stability.
It also pointed to policy measures such as digital public infrastructure and the goods and services tax.
One report said India recorded 7.7 percent real GDP growth in fiscal year 2026.
Why it mattersThe upgrade can improve investor sentiment and borrowing terms for India.
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The same report said the fiscal deficit was reduced to 4.4 percent of GDP.