 "economy, construction, inflation")
India's strong economic growth and sound external balance sheet are expected to provide a buffer against a "treacherous global environment", said ratings agency Standard and Poor’s (S&P) on Wednesday.
A few factors, under more severe conditions, could however apply downward pressure on India’s sovereign credit ratings on (BBB-/Stable/A-3). “We expect these strengths to help neutralize the risks inherent in the treacherous global environment”, S&P said in a 'Frequently Asked Questions' on factors likely to impact credit rating.
India faces a mixture of factors that may shake its sovereign credit metrics. Amid external turbulence, its foreign exchange reserves are falling, and
