https://www.taxtmi.com/news?id=34562 S&P Global Ratings concludes that proposed US reciprocal tariffs will have limited impact on India because its economy is domestically driven and its US trade is concentrated in services, which are less exposed to tariffs. While textiles, chemicals and jewellery face higher tariff risk, pharmaceuticals are less likely to be targeted. India's modest export dependence, improving tax revenue, adherence to fiscal deficit targets and sustained growth prospects underpin resilience and support its investment grade sovereign rating. en-us Wed, 19 Feb 2025 16:46:03 +0530 Wed, 19 Feb 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34562 S&P Global Ratings concludes that proposed US reciprocal tariffs will have limited impact on India because its economy is domestically driven and its US trade is concentrated in services, which are less exposed to tariffs. While textiles, chemicals and jewellery face higher tariff risk, pharmaceuticals are less likely to be targeted. India's modest export dependence, improving tax revenue, adherence to fiscal deficit targets and sustained growth prospects underpin resilience and support its investment grade sovereign rating. News - Wed, 19 Feb 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=34562