S&P Global Ratings has elevated India’s sovereign rating outlook to positive from stable, maintaining the rating at ‘BBB-‘. This revision reflects confidence in India’s robust growth trajectory and improved quality of government expenditure. The agency cited potential upgrades in the next two years if India implements prudent fiscal and monetary policies to reduce government debt and enhance economic resilience. S&P emphasized the importance of sustained policy stability, economic reforms, and infrastructure investment in driving long-term growth. The move aligns with forecasts of India becoming the world’s third-largest economy by 2030.