India’s Economic Strength Defies Foreign Outflow Fears, S&P Says

India is weathering global financial pressures better than headline data suggest, with worries over foreign outflows overstated, according to S&P Global Ratings.

The country has the sufficient buffer to absorb a higher current-account deficit arising out of the surge in oil prices, YeeFarn Phua, director, sovereign and international public finance ratings for Asia, said in an interview Friday.