S & P Global Rating on India GDP: Despite a long -running conversation on India’s trade deal with America, no positive results could come out. On the other hand, US President Donald Trump not only imposed a 25 percent base tariff on India, but also announced an additional 25 percent tariff as a penalty due to buying cheap oil from Russia. Although this additional tariff has not been implemented yet, it has to be effective from August 27.

Report on India’s economic strength

Meanwhile, a report has come, which reflects India’s growing economic strength, and the US President may also be surprised to see. Yiforn Fukha, director of S&P Global Rating, says that India’s tariff will not affect India’s economic growth, because India is not a trade-oriented economy.

He said on Wednesday that the scenario of India’s ‘Sovereign rating’ will remain positive. The rating agency S&P had increased India’s sovereign rating ‘BBB-‘ to ‘positive’ in May last year, citing strong economic growth.

Why will there not be an effect?

When asked by the director of S&P Global Ratings, whether the tariff imposed will negatively impact India’s positive scenario, he said that he would not think it would have any effect on India’s economic growth, because India is not a very much trade-oriented economy.

He further said that if we look at India’s dependence on America in the context of exports compared to GDP (GDP), then it is about 2 percent. S&P estimates that in the current financial year 2025-26, India’s GDP growth rate will be 6.5 percent, which is equivalent to the previous financial year 2024-25.

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