‘Don’t think US tariffs will…’: S&P confident Trump’s tariffs won’t impact India’s growth

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%.