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Private investment will be crucial to achieving India’s Viksit Bharat goal: Anuradha Thakur
Sep-21-2026

Economic Affairs Secretary Anuradha Thakur said that private investment will be crucial to achieving India’s Viksit Bharat goal, as public expenditure alone cannot bridge the massive financing gap. The Secretary highlighted the sovereign rating upgrades from major international rating agencies received by India over the past one-and-a-half years, and said such global recognition underscores India's growing economic strength, improving business climate, and strengthening position in the global investment landscape.

Thakur said India has a firm promise to build on the goals it has already achieved and reach new heights, adding that Centre-state partnership on policy issues, financial resource mobilisation and implementation can decisively advance the country towards Viksit Bharat. Earlier this month, Japanese credit rating agency JCR had upgraded India's sovereign rating to 'A-', a feat achieved after a gap of 35 years, citing solid economic growth and a strong financial system. Last year, India's sovereign rating was upgraded by three agencies, S&P Global Ratings (BBB), Japan's Rating and Investment Information, Inc. (BBB+) and Morningstar DBRS (BBB).

The rating upgrades reflected global recognition for India's strong and resilient macroeconomic fundamentals and prudent fiscal management, and underscore global confidence in India's medium-term growth prospects amid prevailing global uncertainties. Thakur said ‘This kind of global recognition goes to underscore India's growing economic strength, improving business climate, and strengthening position in the global investment landscape.’


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