Global credit agencies have forecasted a positive shift in India's credit profile, attributing this improvement to the Centre's robust fiscal consolidation plan. This strategy aims to streamline public finances, reduce the fiscal deficit, and promote sustainable economic growth.

The plan includes measures to enhance revenue collection, curb expenditure, and implement structural reforms. By achieving fiscal consolidation, the government seeks to stabilize debt levels and create a more resilient economic environment. This is expected to strengthen investor confidence and attract more foreign investments.

Agencies believe that the fiscal discipline demonstrated by the Indian government will lead to higher credit ratings and lower borrowing costs. Improved fiscal health is seen as crucial for maintaining macroeconomic stability and supporting long-term economic development.

The Centre's commitment to fiscal consolidation is also anticipated to bolster India?s standing in global financial markets. Enhanced credit ratings could result in reduced risk premiums for Indian assets, making them more attractive to international investors.

Overall, the fiscal consolidation plan is viewed as a significant step towards reinforcing India's economic fundamentals. By addressing fiscal imbalances and implementing prudent financial management practices, the government aims to support sustainable economic growth and improve its credit profile on the global stage.