Big economic boost: Japan upgrades India's sovereign rating to A- amid strong growth

India’s Sovereign Rating Upgraded to A- from BBB+NEW DELHI: The Japanese Credit Rating Agency has upgraded India’s sovereign rating to A- from BBB+, citing strong economic growth, robust private consumption, sustained public investment and improvements in the country’s financial system.The agency also raised India’s country ceiling by one notch to A.In an official statement on Wednesday, the agency said India’s economy had continued to expand at around 7 per cent, with private consumption and public investment providing key support.“The government of India has steadily implemented policies conducive to productivity growth and economic development, including the development of digital public infrastructure and the implementation of the goods and services tax (GST), strengthening the country