https://www.taxtmi.com/news?id=34544 S&P Global anticipates limited impact from US reciprocal tariffs on India because its economy is largely domestically oriented and its exports to the US are more services-heavy; goods sectors most at risk include jewellery, textiles and certain chemicals while pharmaceuticals are less likely to face higher duties. S&P forecasts about 6.7-6.8 per cent real GDP growth over the next two years, expects the government to meet fiscal deficit targets aided by central bank dividends and potential capex underspending, and notes a tax-revenue-to-GDP ratio near 12 per cent alongside an investment-grade sovereign rating with a positive outlook. en-us Wed, 19 Feb 2025 13:46:04 +0530 Wed, 19 Feb 2025 13:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34544 S&P Global anticipates limited impact from US reciprocal tariffs on India because its economy is largely domestically oriented and its exports to the US are more services-heavy; goods sectors most at risk include jewellery, textiles and certain chemicals while pharmaceuticals are less likely to face higher duties. S&P forecasts about 6.7-6.8 per cent real GDP growth over the next two years, expects the government to meet fiscal deficit targets aided by central bank dividends and potential capex underspending, and notes a tax-revenue-to-GDP ratio near 12 per cent alongside an investment-grade sovereign rating with a positive outlook. News - Wed, 19 Feb 2025 13:46:04 +0530 https://www.taxtmi.com/news?id=34544