Mumbai, May 12 -- Ministry of Finance stated in a latest update that the global sovereign credit rating agency, Morningstar DBRS, upgraded India's Long-Term Foreign and Local Currency - Issuer Ratings from BBB (low) to BBB with a Stable trend. India's Short-Term Foreign and Local Currency Issuer Ratings were also upgraded to R-2 (high) from R-2 (middle) with a Stable trend. Key drivers for the upgrade include India's structural reforms through infrastructure investments, digitalisation etc., all of which facilitated fiscal consolidation (declining debt and deficit) and sustained high growth (clocking an average GDP growth of 8.2% during FY22-25) with macroeconomic stability (stabilised inflation, range bound exchange rate and sound extern...