Business Standard

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

Economic growth, GDP
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The ministry officials met representatives from Standard and Poor’s earlier this month, and are expected to meet Moody’s representatives in May

Arup Roychoudhury New Delhi
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,

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First Published: Mar 23 2023 | 8:33 PM IST

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