India’s strong domestic market cushions economy against global trade shocks: Report

May 21, 2025 1:50 PM

India’s strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country’s low dependence on goods exports, according to a Moody’s report released on Wednesday. The report points out that the government initiatives, such as increasing infrastructure investment, steps taken to boost private consumption, will help shield India’s economy from weakening global demand. “Indi...

India’s domestic market expected to cushion impact of US tariff hike: Fitch

March 19, 2025 1:57 PM

India’s domestic market expected to cushion impact of US tariff hike: Fitch

India’s large domestic market is expected to shield its economy from the impact of rising US tariffs, helping the country maintain stable growth global ratings agency Fitch has stated. Fitch has kept its growth forecast for India unchanged at 6.5 per cent for the financial year 2025-26 (FY26), with an upward revision for FY27 to 6.3 per cent, up from the earlier estimate of 6.2 per cent. Fitch's forecast compares favorably with the Organisation for Economic Co-operation and Development (OECD...