04/09/2026
India’s economic strength is gaining global recognition.
The upgrade of India’s sovereign rating by Japan Credit Rating Agency from BBB+ to A- reflects confidence in our economic fundamentals. Lower NPAs, a reduced fiscal deficit, strong external resilience and sustained growth are reinforcing India’s position as a resilient and fast-growing economy.
India’s winning growth story is earning global confidence.
Japan Credit Rating Agency has upgraded India’s sovereign rating from BBB+ to A-, reflecting stronger economic fundamentals. With NPAs down to 1.8%, fiscal deficit at 4.4%, stronger external resilience supported by a services surplus and ample forex reserves, and around 7% growth driven by consumption and GST-DPI reforms, India continues to strengthen its position as a resilient and fast-growing global economy.