16-July-2024
Economy News
 
India's credit ratings upgrade is long overdue: RBI Guv Shaktikanta Das
15-Jul-2024

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said that a credit rating upgrade for India was long overdue, given the country’s robust economic health. In an interview with CNBC-TV18 on Thursday evening, Das emphasised India’s strong macroeconomic fundamentals, substantial growth momentum, and high international investor confidence as key factors justifying a rating upgrade. “An upgrade in credit rating should have occurred earlier. India’s macroeconomic fundamentals are solid, growth momentum is robust, and international investor confidence is high. Our considerable foreign exchange reserves also assure international investors. India is fully capable of meeting its external payment obligations. Therefore, I believe a rating upgrade is warranted and should happen soon,” Das told CNBC-TV18.

News Source:- https://www.business-standard.com/finance/news/india-s-credit-ratings-upgrade-is-long-overdue-rbi-guv-shaktikanta-das-124071200313_1.html