US tariffs impact on India

India Inc doubles up on borrowing overseas after sovereign upgrade

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India Inc doubles up on borrowing overseas after sovereign upgrade

Mumbai: Domestic firms including Credila, Muthoot Finance and Hero FinCorp are rushing to tap offshore markets after S&P Global Ratings upgraded India’s sovereign rating to BBB from BBB-, the nation’s first upgrade in 18 years. They are eyeing more than $2 billion in overseas fundraising in the coming weeks, according to people familiar with the … Read more

US tariffs to hit textiles, gems, MSMEs hard; GDP growth forecast cut to 6%: Nomura

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US tariffs to hit textiles, gems, MSMEs hard; GDP growth forecast cut to 6%: Nomura

New Delhi: India’s economy faces significant risks from steep US tariffs, with export-heavy sectors such as textiles, gems and jewellery, food and marine products likely to bear the brunt, said Aurodeep Nandi, India Economist at Nomura. While smartphones, pharma and petroleum products remain exempt, nearly 30–40% of India’s export basket is directly exposed to the … Read more