Colquhoun added the ratings agency will assess the next government's policy strategies will be important to determine the country's future sovereign ratings.
Global ratings agency Fitch has warned that China's "investment-driven growth model" faces increasingly serious constraints due to heavy debt financing by local governments.
local banks continuing to park their cash in government bonds, analysts tell CNBC the country faces no urgency in dealing with its rising public debt, despite the latest ratings cut by Fitch.
Fitch Ratings sees a dip in India's economic growth and an increase in the fiscal deficit even as it expects the eurozone to continue to be volatile. Andrew Colquhoun, the senior director at Fitch Ratings tells CNBC-TV18 in an exclusive that they had rated India with a triple-B minus with a stable outlook.