New Delhi, June 30 -- Finance minister Nirmala Sitharaman on Monday called for a fundamental rethink of global sovereign credit rating systems, arguing that they often fail to reflect the economic resilience and structural strengths of emerging markets.

Speaking at the International Business Forum, the 4th International Conference on Financing for Development in Spain, Sitharaman pointed to India's strong macroeconomic fundamentals, including sustained high growth and prudent fiscal management, as evidence that current ratings undervalue the country's stability.

"India, for example, with a sustained high growth trajectory and sound fiscal management, its sovereign rating does not fully reflect its macroeconomic stability," she said.

"R...