New Delhi, May 13 -- Indias economy remains resilient despite rising global financial uncertainties, with concerns over foreign capital outflows appearing overstated, according to S&P Global Ratings.
The assessment comes amid heightened volatility triggered by an oil price surge linked to the Iran conflict and record foreign fund outflows that have weakened the rupee.
Strong Buffers Support Stability
S&P noted that India has adequate buffers to absorb a widening current account deficit, particularly in the wake of elevated crude oil prices.
YeeFarn Phua, Director, Sovereign and International Public Finance Ratings (Asia) at S&P, in an interview with Bloomberg on, stated that the countrys economic fundamentals remain so...