Structural weaknesses persist: low GDP per capita, exposure to external shocks and natural disasters, and governance metrics that lag behind ‘BB’-category peers.
The agency emphasises that sovereign ratings have so far remained resilient, but this could change as climate shocks translate into sustained output losses, fiscal weakening, or political instability.
The government has committed to implementing the recommended measures proposed by the rating agencies and is actively working on cost-cutting strategies within state-owned enterprises...
The Ukraine crisis will have serious repercussions for the Indian economy, which is still struggling with post-COVID-19 recovery.
The Indian economy expanded 5.4 per cent...
The centre has sounded an alarm over the likely impact of El Niño on India's 2026 southwest monsoon, warning that 315 districts across 12 states could face significant rainfall deficits during the crucial kharif cropping season.