Fitch reaffirms India’s sovereign debt rating at ‘BBB-‘ with stable outlook

Fitch Ratings has reaffirmed India’s sovereign debt rating at ‘BBB-‘ with a stable outlook. The global rating agency in its report released yesterday has attributed to the country’s robust medium-term growth prospects and solid external finance position.

 

On the growth front, Fitch projected India’s GDP growth at 7.2 percent in Financial Year 2025 and 6.5 percent in Financial Year 2026,



bolstered by public infrastructure investments, strong private sector investment in real estate, and a resurgence in manufacturing.

 

The ‘BBB’ rating reflects low default risk expectations, where the capacity to meet financial commitments remain adequate despite potential vulnerabilities from adverse business or economic conditions.