US tariff impact: S&P says India’s long-term growth story intact; cites reforms and robust domestic demand

S&P Global Ratings affirms that high US tariffs are unlikely to significantly hinder India’s long-term growth, citing strong economic fundamentals and ongoing reforms. India’s domestically-oriented economy, with only a small percentage of GDP tied to US exports, provides a buffer. The agency anticipates continued growth averaging around 6.8% over the next three years.