New Delhi, July 1 -- India's Finance Minister Nirmala Sitharaman has called for comprehensive reforms to global sovereign credit rating systems, contending that current methodologies inadequately assess the economic resilience of emerging markets.

Her remarks came during an address at the International Business Forum, part of the 4th International Conference on Financing for Development held in Spain.

Sitharaman argued that India's macroeconomic fundamentals demonstrate the limitations of existing rating frameworks.

The country maintains sustained high growth rates and implements prudent fiscal management policies, yet its sovereign rating fails to fully capture this stability according to the Finance Minister.

She emphasised that ref...