Summary: RBI Governor Shaktikanta Das stressed the importance of improving India's credit rating. He mentioned strong economic fundamentals, growing economy, and large foreign reserves boosting investor confidence.

S&P upgraded India's credit outlook to 'positive' in May due to stable policies, ongoing reforms, and investments in infrastructure. This is the first positive change since 2014, recognized by Finance Minister Nirmala Sitharaman for India's strong economy.

Fitch and Moody's maintain India's lowest investment-grade rating with a stable outlook. Calls for a better credit rating show increasing confidence in India's economic direction and financial management amidst global uncertainty.

Source: IBEF 

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