What factor contributed significantly to India’s

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

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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