TFP Bureau, Raipur, August 14, 2025 – In a historic development for the Indian economy, global credit rating agency S&P Global Ratings has upgraded India’s long-term sovereign credit rating from ‘BBB-’ to ‘BBB’ and the short-term rating from ‘A-3’ to ‘A-2’, assigning a Stable Outlook. This marks the country’s first rating upgrade in 18 years, the last being in January 2007.
Reacting to the announcement, Chhattisgarh Chief Minister Vishnu Dev Sai congratulated Prime Minister Narendra Modi and hailed the achievement as a reflection of India’s growing economic strength and international credibility. “This upgrade is a symbol of the strength of India’s economic policies, political stability, and the unwavering faith of global investors under the leadership of Prime Minister Modi,” he said.
The Chief Minister emphasized that the move by S&P is not just a statistical improvement but a global acknowledgment of India’s resilience and reform-oriented policies. “It reflects the Modi government’s commitment to inclusive development and a better life for every Indian,” he added.
The announcement comes at a time when India is being recognized as one of the fastest-growing major economies, attracting record foreign direct investment and expanding its role in global trade and manufacturing. With this upgrade, experts believe India’s borrowing costs could ease, further boosting investment and economic growth.
Chief Minister Sai extended his best wishes to all countrymen, stating that the S&P upgrade stands as a global certificate of trust in India’s economic vision and reaffirms the nation’s journey towards becoming a leading power in the world economy.
