Why Trump's 50% tariffs may not hurt India's economic growth?
S&P Global Ratings Director YeeFarn Phua said US President Donald Trump's 50% tariffs may not hurt India's economic growth because India isn't a "very trade-oriented economy". Noting India's exposure to US in terms of exports to GDP is just 2%, he said, "Positive outlook on India remains." He added that many businesses are coming to India for its domestic market.