US Tariffs May Hit India's Factory Targets: Moody's

Positive outlook for the country's services sector remains intact

- FE BUREAU

Curtailed access to the largest economy globally diminishes prospects for India's ambitions to develop its manufacturing sector, particularly in higher value-added sectors such as electronics, Moody's Ratings said on Monday, commenting on reciprocal tariffs imposed by the US on India.

The higher tariffs relative to other countries also disadvantage India as it vies for a greater share of trade and investment flows away from China, which has been subject to even more severe tariff treatment by the US, it said.