R&I Upgrades India's Sovereign Credit Rating to BBB+

R&I, a Japanese rating agency, has upgraded India's credit rating to BBB+.

This means the agency believes India's economy is strong and growing.

It's the third upgrade this year, showing increasing global confidence in India.

R&I cited factors like India's large and fast-growing economy, strong domestic demand, and effective government policies.

The Finance Ministry welcomed the upgrade, highlighting the government's commitment to sustainable growth and economic stability.