Private cos remain sturdy, invest $50bn

Indian enterprises are well positioned to handle the impact of tariffs and geopolitical tensions, Moody's Investors Service and its local arm ICRA Ratings said Wednesday.

- PRESS TRUST OF INDIA

India Inc, however, will be “measured” in making investment decisions in the new fiscal because of the external headwinds, they said.

"Indian non-financial companies are not directly affected by US import tariffs due to their focus on domestic consumption and low dependence on exports,” a statement from Moody's said.

It further noted that government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand.

Indian corporates will continue investing in new capacity to cater to the sustained growth in domestic consumption, and Moody's estimated that non-financial companies rated by it will spend around $50 billion annually in capital spending over the next two years.