BBBump it up, boys! The great Indian economic rating puzzle - The Economic Times

India's fiscal discipline has improved significantly, supported by strong economic growth. Government deficit has narrowed while growth continues to outpace most major economies. India's debt structure is predominantly domestic, reducing external financing risks. These factors suggest a strong payment capacity, aligning with higher rating categories. A reassessment of India's sovereign rating is therefore warranted.

Raccontata daeconomictimes.indiatimes.com