Fitch Ratings says Indian corporates have low direct exposure to US tariffs, but pharmaceuticals could be hit. Risk of second-order effects rising.

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A senior government official said that given the relatively low weightage of US exports in India’s GDP, at under 2 per cent, the impact on the economy is perhaps overblown.

AM ...

Fitch Ratings warns of potential strain on Indian pharmaceutical exports due to US tariffs, impacting key industries.

S&P’s views matter for investors in the world’s biggest bond market. Read more at straitstimes.com. Read more at straitstimes ...

The note, however, added that a trade deal between US and India could reduce these risks, even as India stares at an additional 25 percent levy over its oil imports from Russia, effective from August ...

In a brief commentary, Fitch said banks are well-positioned to capitalise on improving operating conditions as macroeconomic ...

Automotive: In the automotive sector, direct exports from India to the US are limited, but the US accounts for nearly 20% of ...