S&P revises India’s growth outlook to positive, affirms rating at BBB’-

RATING agency S&P on Wednesday revised India’s growth outlook to positive from stable on the back of robust growth, increase in government capex and the Centre’s commitment to fiscal consolidation.

- MONIKA YADAV,

The agency is optimistic about the country’s growth regardless of the election outcome on June 4. It has affirmed the overall rating at ‘BBB’-.

“We expect sound economic fundamentals to underpin the growth momentum over the next two to three years. Regardless of the election outcome, we expect broad continuity in economic reforms and fiscal policies,” S&P said in its report.