Current Affairs - International - Discussion

India’s sovereign credit rating was upgraded to BBB+ by Rating and Investment Information, Inc. (R&I), a well-known credit rating agency based in Japan. The upgrade reflects growing confidence in India’s strong domestic demand, prudent fiscal management, and external stability. This marks the third upgrade India has received in 2025, following earlier positive revisions by Morningstar DBRS and S&P Global Ratings. R&I also acknowledged India’s ongoing structural reforms, such as the two-tier GST system and infrastructure expansion. The move strengthens India’s global investment appeal while reinforcing Japan’s role in recognizing India’s growing economic resilience and potential on the world stage.