India's Economic Resilience Recognized by Morningstar DBRS

Global rating agency Morningstar DBRS has upgraded India’s sovereign credit rating to ‘BBB’ with a stable trend, citing sustained structural reforms, improved fiscal metrics, and macroeconomic resilience.

Key Factors Behind the Upgrade

The agency highlighted India’s strengthened economic fundamentals, supported by infrastructure investment, digital transformation, and a robust banking sector. "The upgrade reflects our view that India's structural reform efforts are facilitating fiscal consolidation and sustaining high potential growth," DBRS Morningstar stated.

India's Economic Strengths

India’s economy benefits from favourable demographics, strong domestic savings, and technological advancements, which bolster medium-term growth. The country's limited reliance on trade also reduces vulnerability to external shocks.

Future Prospects

Further upgrades are possible if India maintains its reform momentum and investment rates. The agency noted India’s well-regulated financial system and credible inflation-targeting regime as key to economic resilience.