New Delhi, Aug. 27 -- Global rating agency S&P Global Ratings on Thursday, 27 August, affirmed India's sovereign credit ratings at 'BBB/A-2' with a stable outlook, saying that while elevated energy prices and challenging agricultural conditions could marginally slow economic growth this year, the country's strong economic fundamentals are expected to continue supporting robust growth over the next two to three years.

It said that India's sovereign ratings continue to be supported by a dynamic and fast-growing economy, a strong external balance sheet, and stable institutions that provide policy predictability. However, it noted that weak fiscal performance, a high debt burden, and low per capita income remain key constraints on the countr...