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Moody's: Trump's 50pc tariffs to hit India's manufacturing
The Statesman Bhubaneswar
|August 09, 2025
Moody's Ratings on Friday said the steep 50 per cent tariffs on Indian imports by US President Donald Trump could severely undermine India's manufacturing ambitions and slow economic growth.
"Beyond 2025, the much wider tariff gap compared with other Asia-Pacific countries would severely curtail India's ambitions to develop its manufacturing sector, particularly in higher value-added sectors such as electronics, and may even reverse some of the gains made in recent years in attracting related investments," it said.
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The Statesman Bhubaneswar
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The Statesman Bhubaneswar
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