India rating upgrade a challenge: Fitch analyst

Despite the government's efforts to consolidate its fiscal position, a sovereign rating upgrade appears challenging due to concerns over high public debt and interest payments, an analyst at Fitch Ratings said in an interview on Monday.

- Reuters

"India's debt-to-GDP ratio is just above 80% on a general government basis, well above the high-50% range that we see for similar-rated peer countries," said Jeremy Zook, director of Asia sovereign ratings. "Those are more structural fiscal factors that are