Sovereign Ratings Upgrade due despite weak government finances:

MUMBAI: Increasingly, economists and other market participants are making a strong case for revising India’s sovereign ratings despite a weak combined fiscal position.

In the light of signs of political stability recent state elections, a strong external sector balance sheet a positive growth outlook supported by improving rural incomes, higher public sector wages, lower borrowing costs and moderate inflation an upgrade in the rating outlook appears probable over the next 12 months, ..

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