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Defence & Global Affairs · Economic & Social Policy · Industrial Policy · Industrial Policy & Competitiveness
India’s BBB Moment: Can the S&P Upgrade Survive the Hormuz Shock?
25 September 2026 · Amulya Charan S&P lifted India’s sovereign rating from BBB− to BBB in August 2025, its first upgrade in eighteen years. When it affirmed BBB with a stable outlook on 27 August 2026, the setting had changed: war in West Asia…
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Behind the blog
Hello, I’m Amulya
Mr. Amulya Charan is a seasoned expert in energy, infrastructure, and finance, with decades of experience leading major corporations like Tata Power, NTPC, and Power Grid.
He has driven innovative solutions across project finance, renewable energy, and infrastructure management. Known for his visionary leadership, Mr. Charan has navigated complex business environments, fostering collaboration and sustainable growth. His contributions have earned numerous accolades, reflecting his commitment to excellence.
Holding advanced degrees from IIMA and IIT-R, he blends strong academic credentials with strategic industry insights. Mr. Charan frequently shares his expertise through speaking engagements and publications, offering thought leadership on industry trends and challenges.