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S&P Global upgrades India’s rating after 18 years to ‘BBB’, cites economic resilience & fiscal consolidation

The S&P Global logo. | Photo Credit: Reuters The ratings agency S&P Global has after an 18-year gap upgraded India’s rating, to BBB from BBB-, citing the country’s “economic resilience and fiscal consolidation”. S&P also kept India’s long-term outlook as ‘stable’.  In a post on X, the Ministry of Finance welcomed the decision, saying it…

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U.S., not India is tariff king: Amul MD

The United States is the real ‘tariff king’, at least in the dairy business, despite U.S. President Donald Trump labelling India as one, said Jayen Mehta, managing director of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets the Amul brand. Mr. Mehta added that the new U.S. tariffs would not affect Amul’s overseas sales,…

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