India, Aug. 14 -- S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy.
India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook on the ratings, the rating agency said. The stable outlook indicates the assessment that continued policy stability and high infrastructure investment will support India's long-term growth prospects. Moreover, cautious fiscal and monetary policy will help to moderate the elevated debt and interest burden of the government, which will sup...