new delhi, Sept. 3 -- Japan Credit Rating Agency Ltd (JCR) on Wednesday upgraded India's sovereign credit rating by a notch to A- from BBB+, citing the economy's sustained high growth, the effectiveness of its economic policies, stronger financial system and improving quality of government expenditure. JCR had maintained the BBB+ rating for India since 2007, including during the global financial crisis, the pandemic, and subsequent geopolitical disruptions. The agency also raised India's country ceiling by one notch to A, reflecting its assessment that India's economic fundamentals, policy framework, fiscal trajectory and financial-sector resilience have strengthened sufficiently to warrant a higher sovereign credit standing. It assigned a stable outlook to both India's foreign-currency and local-currency long-term issuer ratings. The upgrade comes as India continues to retain its position as the fastest-growing major economy, expanding at a high pace despite a turbulent global environment marked by geopolitical conflicts, elevated energy prices and concerns over a weaker-than-normal monsoon. JCR said India's economy has maintained growth of around 7%, supported by robust private consumption and public investment. It said the economy grew by 7.7% in 2025-26, and it is expected to maintain high growth of over 6% in fiscal year 2027 (FY27). Already, signs of stronger growth are evident in the first-quarter gross domestic product (GDP) numbers announced by the ministry of statistics and programme implementation (MoSPI), which put the country's growth at 7.8%, higher than that of any other economy globally....