After the 18 -year -old gap: The Ministry of Finance says that the s & P promotion shows the lightness of the economy and the power of the economy

For the first time in 18 years, the sovereign credit rating of India was promoted by the S& PLOBAL RATINGS, a step that the Ministry of Finance has established as evidence of the stability of the economy and the stability of politics under Prime Minister Narendra Modi.

On Thursday, the S& P Global raised the unwanted sovereign credit rating in the long term to “BBB” from “BBB-“, and its short-term classification to “A-2” from “A-3”, with a straight look. Transfer and transfer evaluation is also reviewed to “A-” from “BBB+”. The last upgrade came in January 2007.

The Ministry of Finance said in a statement on X. It is due to “the promotion of India” that the promotion of the assessments re -re -re -lead, the Indian economy is graceful, active and flexible.

S&P said the upgrade reflects “strong economic expansion, constant financial unification, and politics stability.” He noted that GDP growth reached an average of 8.8 % between FY2022 and FY2024, and is expected to remain 6.8 % annually over the next three years. The agency added: “The proper economic basics will lead to the momentum of growth over the next two or three years,” praising the praise of monetary policy environments that “increasingly lead to the management of inflationary expectations.”

The classification agency has also described India as one of the best performance economies in the world, noting that 60 % of growth comes from local consumption, making the country relatively isolated from global shocks-including the latest US definitions.

The risks remain. The S&P warned that the classification can be reduced if the political commitment to financial discipline stumbles or if the structural growth slows down significantly. On the contrary, more promotion can be upgraded if the narrow financial deficit and public debt settles less than 6 % of GDP.

Despite US President Donald Trump’s decision to impose a 25 % tariff on Indian imports in response to oil purchases from Russia, the S&P expects only a “modest” financial impact and does not hinder long -term growth.

The government has developed development as a milestone to achieve its goal of “Viksit Bharat” for 2047, saying that the promotion confirms the investor’s confidence and the path of India as a flexible and highly growing economy.