S&P Global Ratings highlighted India's strong position in South Asia in terms of growth and external factors. It emphasised that the trajectory of the government's fiscal deficit will impact sovereign ratings. S&P Director Andrew Wood expressed optimism in India's economic growth despite global challenges and stated that a significant narrowing of fiscal deficit could lead to a rating upgrade. The agency sees promise in India's growth story and expects fiscal deficit to remain a crucial factor in determining India's ratings direction.
