India pitches for ratings upgrade at meeting with representatives of Fitch

Fitch currently rates India's long-term sovereign debt at BBB- with a stable outlook

The Finance Ministry has cited India’s strong fundamentals and resilience in the face of global headwinds to pitch for a ratings upgrade.

In a meeting with representatives of ratings agency Fitch on Thursday, senior officials, including Chief Economic Advisor V Anantha Nageswaran, spoke about India’s macroeconomic stability, strong financial sector, corporate balance sheets, and the Centre’s capital expenditure push, among other issues, Business Standard has learnt.

Nageswaran attended via video-link from Chennai, where he is taking part in a G20 Framework Working Group (FWG) meeting.

At the meeting, the officials also cited to Fitch representatives India’s narrowing current account deficit,