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    Question

    What factor contributed significantly to India’s

    credit rating upgrade to ‘BBB’ by Morningstar DBRS?
    A Low foreign exchange reserves Correct Answer Incorrect Answer
    B Decline in GDP growth Correct Answer Incorrect Answer
    C High NPAs in banks Correct Answer Incorrect Answer
    D Infrastructure investments and fiscal consolidation Correct Answer Incorrect Answer
    E Population control policies Correct Answer Incorrect Answer

    Solution

    The upgrade reflects India’s structural reforms, including infrastructure investments and fiscal consolidation, leading to macroeconomic stability.

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