Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

The business of rating is very subjective, especially when it comes to sovereigns. Fitch has retained the rating of India at BBB- but given a negative outlook compared to the other two agencies that think it is stable. Hence, Fitch’s view comes as a disappointment for sure. 

India is probably going to be one of the best-performing economies in the world this year. This has been done without the government going in for excessive fiscal spending as the western nations have done. This factor has been appreciated by S&P and Moody’s. The way in which we have rebounded