US Tariffs Will Not Impact India’s Growth; Positive Outlook Intact: S&P
India’s exposure to the US is only 2% of GDP: Global Rating Agency
Major sectors such as pharmaceuticals and consumer electronics have been exempted from tariffs, said S&P.
American rating agency S&P Global Ratings has stated that tariffs imposed by Trump will have no impact on India’s growth, as India is not a trade-oriented economy. Therefore, its sovereign rating outlook will remain positive. In May last year, S&P upgraded India’s sovereign rating outlook from ‘BBB-’ to positive.
