Fitch Ratings retained India's sovereign ratings at 'BBB-' citing strong growth and solid external finances. The outlook on the ratings remained 'stable'.
The rating agency said India's economic outlook remained strong relative to peers but US tariffs are a moderate downside risk to forecast. The economy is projected to expand 6.5 percent in the fiscal year ending March 2026, which was well above the 'BBB' median of 2.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.