S&P Global has upgraded India’s long-term unsolicited sovereign credit rating from “BBB-” to “BBB,” reflecting the country’s robust economic performance and commitment to fiscal discipline. The move follows a positive outlook revision in May 2024, which was driven by India’s strong growth trajectory and improved government spending quality. In its...
S&P Global: India’s Economy to Power Ahead in the Next Three Years
As China's economy slows, economic growth in the Asia-Pacific region will shift away from China toward South Asia and Southeast Asia according to S&P Global. India's economy will drive Asia's growth in the next few years, leading regional growth, the Manhattan NYC-based credit agency projects. India's GDP for the fiscal...
India’s Services Activity Grew at its Fastest Pace in 12 years
By Indradip Ghosh As price pressures eased due to strong demand, activity in India's dominant services sector expanded at the fastest pace in 12 years this February. The S&P Global India Services Purchasing Managers' Index (INPMIS=ECI) rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above...