What prompted India’s return to the ‘A’ rating after 35 years?
JCRA stated that India’s rating upgrade was based on the country’s relatively high growth, the government’s growth-oriented policies, and the improved strength of India’s financial system. AI-generated image for representation The story so far: The Japan Credit Rating Agency (JCRA) earlier this month upgraded India’s sovereign credit rating to ‘A-’ from the previous ‘BBB+’. This is…
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