Explained: Why India’s credit rating should be upgraded from lowest investment grade - watch video - Times of India

India's sovereign credit rating, currently at the lowest investment grade, should be upgraded due to its status as the fastest-growing economy and its potential to become the third largest economy in the world, according to Madan Sabnavis, Chief Economist at Bank of Baroda. He highlights the importance of a good credit rating and emphasizes that India is an attractive destination for foreign investors. Sabnavis believes India deserves an upgrade to at least an A rating.

timesofindia.com

Relevant topic timeline:

8/26/2023

Sanjeev Sanyal Makes Sense of the Indian Economy - Fair Observer

India's economy is experiencing consistent growth, and is predicted to become the fourth-largest economy within 18 months and the third-largest by 2028, driven by strong fundamentals and infrastructure development, while successfully reducing poverty; however, further reforms in areas such as patents, judicial, administrative, and process reforms are needed to boost economic growth.

9/9/2023

India's Stock Market Hits $3.8 Trillion as Investors Flock to Fastest Growing Major Economy

India's record stock market valuation and increasing foreign inflows are positioning the country as a safe and attractive investment option, especially amidst the economic troubles and struggling financial markets of its neighboring rival, China.

9/9/2023

India's G20 Presidency Yields Progress on Development Financing, Crypto Regulation

India has successfully achieved its finance track objectives during its G20 presidency, including strengthening Multilateral Development Banks, creating a global regulatory framework for crypto assets, promoting financial inclusion through digital infrastructure, resolving debt for lower and middle-income countries, and financing sustainable cities, among other accomplishments, according to Finance Minister Nirmala Sitharaman.

9/15/2023

India Poised to Become Next Global Tech Manufacturing Hub if Infrastructure and Reforms Keep Pace with Growing Investments

With the right reforms, India has the potential to become the next engine of global growth, benefiting from major economic re-alignments caused by China's slowdown and the US diversifying its supply chains. Major corporations are already investing in India, recognizing its potential. However, India needs to overcome challenges such as high tariffs, infrastructure improvements, and regional cooperation to fully realize its manufacturing potential and attract foreign investment.

Topics

Posted 8/30/2023, 3:46:00 AM

Explained: Why India’s credit rating should be upgraded from lowest investment grade - watch video - Times of India

timesofindia.com

Relevant topic timeline:

8/26/2023

Sanjeev Sanyal Makes Sense of the Indian Economy - Fair Observer

9/9/2023

India's Stock Market Hits $3.8 Trillion as Investors Flock to Fastest Growing Major Economy

9/9/2023

India's G20 Presidency Yields Progress on Development Financing, Crypto Regulation

9/15/2023

India Poised to Become Next Global Tech Manufacturing Hub if Infrastructure and Reforms Keep Pace with Growing Investments