India pitches for rating upgrade with S&P, cites macro stability
Rising oil prices, their impact on government finances and increasing GST collections figured in the discussions between the Finance Ministry officials, led by Economic Affairs Secretary Subhash Chandra Garg, and representatives of the global credit ratings firm.
India today pitched for ratings upgrade with S&P as the US-based agency discussed macro economic situation with the Finance Ministry here against the backdrop of depreciating rupee and widening current account deficit (CAD). Image source: Reuters