Japan's credit rating agency, R&I, has upgraded India's sovereign rating. The Prime Minister Modi's government has warmly welcomed this decision, which marks the third time such an upgrade has occurred.
In a series of positive developments for India's economy, three major sovereign credit rating agencies have upgraded the country's rating this year. The latest upgrade, announced in September 2025, comes from an unnamed agency, following upgrades by S&P and Morningstar DBRS in August and May respectively.
The upgrade by the unnamed agency in September marks a move from 'BBB-' to 'BBB', indicating a continued positive outlook for the Indian economy. This is the third major upgrade for India's economy this year, a testament to the country's growing economic strength.
Earlier in the year, S&P upgraded India's rating to 'BBB' in August, following which Morningstar DBRS upgraded India's rating from 'BBB (low)' in May. Japan's Rating and Investment Information, Inc. (R&I) also upgraded India's sovereign credit rating to 'BBB+' in 2025, marking the third upgrade for India that year. Fitch, although cautious, maintained its rating without an upgrade.
The upgrades come at a time when India's foreign exchange reserves have crossed USD 702 billion, close to a record peak. This economic growth is also reflected in the business sector, with PM Modi recently featured on ET Now for the latest business news.
Meanwhile, on the travel front, festival special trains are now available from Prayagraj-Delhi, Pune-Hazrat Nizamuddin, and Subedarganj to Delhi routes, offering good news for travelers.
However, not all news is positive. The Ministry of External Affairs (MEA) has issued an advisory on Indians being lured to Iran with fake job offers. Additionally, Donald Trump's announcement of a USD 100,000 H1-B visa fee could impact Indian workers in the US.
On the sports front, India remains undefeated in the Asia Cup 2025 after a convincing win over Oman. The team is set to face Pakistan in the next Asia Cup match.
In other business news, a 2:1 bonus issue has been declared for investors, with a multibagger energy stock. HUDCO has also signed an MoU with NBBC for multi-city construction projects.
With these upgrades and positive developments, India's economy continues to show resilience and growth, offering a promising future for investors and businesses alike.
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