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R&I has announced the following: India Foreign Currency Issuer Rating Upgraded BBB+ Stable / Foreign Currency Short-term Debt Rating Affirmed a-2

India is a large-scale economy as indicated by its nominal gross domestic product (GDP) and is currently in the demographic dividend phase. Despite the uncertainties surrounding the global economic environment, India's economy can be expected to maintain firm growth thanks to the economic structures driven by domestic demand and the policies of the administration of Prime Minister Shri Narendra Modi.[....]