Standard & Poor’s on Friday improved India’s outlook to stable from negative saying the new political formation at the Centre has the capacity to push reforms and put the country back on high growth trajectory.
“We could raise the rating if the economy reverts to a real per capita GDP trend growth of 5.5 per cent per year and fiscal, external, or inflation metrics improve,” the global rating agency said.The revision in outlook comes ahead of Prime Minister Narendra Modi’s high-profile visit to the US, which among things is aimed at procuring investments. Modi is scheduled to meet top US corporates.