Mumbai, Sept. 29 -- India's credit profile benefits from its strong growth potential, underpinned by a large domestic market and favorable demographics that have historically supported resilient, demand-driven expansion and helped insulate the economy from external shocks, Moody's ratings noted while affirming the Government of India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3.

Even as real GDP growth moderated in the fiscal year ended March 2025 (fiscal 2024-25) to 6.5% from 9.2% in fiscal 2023-24, India has been and will remain the fastest growing G20 economy through at least the next two to three years, it noted. We project economic growth to be sustained at 6.5% in fisc...