Reuters reports that the ratings agency Standard & Poor’s raised its India GDP growth forecast to 7.9 % from 6.2 % for the year ending March 2016, citing rising investment and low oil prices. The agency also raised its growth forecast for 2016-17 to 8.2 % from 6.6 % previously....
Standard & Poor's Upgrades India Credit
Standard and Poor's raised the outlook for India's "BBB-minus" rating to "stable" saying the country's government mandate and improved political setting offered a conducive environment for reforms. Reuters quoted Radhika Rao, Economist at DBS Singapore: "The S&P rating outlook revision is an affirmation of the economy's growth prospects, macro stability...