Fitch Ratings has affirmed India's Long-Term Issuer Default Ratings (IDRs) at BBB- with a Stable Outlook and its Short-term IDRs at 'F3'. India's rating reflects its robust growth outlook and solid external finance fundamentals. A strengthening record of delivering macroeconomic stability and improving policy credibility should underpin continued robust growth and enhance economic resilience, despite near-term macroeconomic headwinds from the energy shock. High growth should also support a sustained improvement in structural credit metrics and increase the likelihood that government debt will trend down. [....]