Moody’s Ratings has affirmed India’s long-term local and foreign-currency issuer ratings at Baa3 with a stable outlook, citing improving fiscal metrics and resilient growth prospects. The move reflects confidence in India’s strong economic growth. Moody noted that India remains a safe investment destination. While fiscal weaknesses and high debt remain concerns, the agency expects limited near-term impact from US tariffs and policy shifts on India’s economy. However, tariffs could hinder India’s long-term export manufacturing ambitions.