Fitch maintains its rating on India, citing strong growth

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Credit-rating firm Fitch on Monday maintained its long-term foreign-currency issuer default rating on India at ‘BBB-’, citing the country’s strong economic growth and resilient external finances. “India’s economic outlook remains strong relative to peers, even as momentum has moderated in the past two years,” Fitch said in a statement. The agency forecast GDP growth of 6.5 per cent for the fiscal year ending March 2026 (FY26), unchanged from FY25, and well above the ‘BBB’ median of 2.5pc. Fitch’s rating comes days after S&P Global Ratings lifted its sovereign credit rating on India, citing strong economic growth, marking its first upgrade...