After 18 years, S&P upgrades India’s sovereign rating to BBB
NEW DELHI: Ratings agency S&P Global on Thursday raised India’s sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an “overall marginal” impact and will not derail the country’s long-term growth prospects.The ratings upgrade comes amid a tense tariff stand-off…