No Social Welfare Cuts: Credit Rating Gains Linked to Fiscal Discipline

The minister made it clear that India’s improving credit rating is not the result of cutting back on essential social schemes. Instead, it reflects a balanced approach to budgeting, where expenditures are aligned with revenue forecasts and long‑term sustainability.

She pointed out that despite global disruptions in oil, LPG and fertilizer supplies, the government kept fertilizer shortages at bay by continuously communicating market demand to producers.

This proactive stance, combined with strict fiscal rules, has allowed India to preserve social safety nets while still earning the confidence of international rating agencies.