New Delhi, Sept. 19 -- Japan's Rating and Investment Information Inc. (R&I) today applauded India's economic strength even as the country is currently facing a steep trade barrier of 50pc tariff imposed by the US.
The R&I raised India's long-term sovereign credit rating to 'BBB Positive' from 'BBB' with a 'Stable' economic outlook.
The upgrade comes weeks after the United States imposed 50 percent tariff on Indian goods and amid claims by some U.S. commentators that India is a "dead economy."Earlier this year, in August, Donald Trump had called India "Dead Economy," expressing disappointment with India over buying cheap oil from Russia. Moreover, RBI Governor Sanjay Malhotra, countering the jibe by the US President said " Indian economy i...