S&P Global Ratings Director YeeFarn Phua has said that Trump’s tariffs are unlikely to significantly impact India’s economic growth due to its non-trade-oriented nature, with exports to the US representing only about 2% of GDP. Despite increased tariffs on Indian imports, S&P maintains a positive outlook on India’s sovereign rating, projecting a GDP growth of 6.5%. Post navigation Festive sparkle lifts exports: Gem and jewellery shipments jump 15.98% to $2.18 bn in July, Hong Kong rebound aids growth ICICI Bank withdraws Rs 50,000 minimum balance rule for urban locations; revises MAB requirements; check details here
