New Delhi, Aug. 14 -- Economists and market experts have welcomed S&P Global Ratings' decision to upgrade India's sovereign credit rating from BBB- to BBB, terming it a recognition of the country's strong fundamentals, sound fiscal management, and growing global economic clout.

In a significant boost to investor confidence, S&P Global Ratings has upgraded India's long-term unsolicited sovereign credit rating to 'BBB', while also raising the short-term rating to 'A-2' from 'A-3'.

The outlook on the long-term rating remains stable, reflecting optimism around India's policy continuity, robust economic growth, and improved fiscal management.

Alongside the rating upgrade, S&P also revised its transfer and convertibility assessment for India...