Bengaluru, Aug. 14 -- S&P Global Ratings Director YeeFarn Phua states that the 50% US tariffs (25% base + 25% additional for India's Russian oil trade) imposed by the Trump administration, effective August 27, 2025, are unlikely to significantly affect India's economic growth. This is due to India's low trade dependence on the US, with exports to the US constituting only about 2% of its GDP. S&P maintains a positive outlook on India's 'BBB-' sovereign rating, projecting a steady 6.5% GDP growth for the fiscal year.

The Indian benchmark equity indices opened the session with a neutral trend. Today's market is pulled up by the shares of Wipro, Trent, and Adani Ports. The NSE Nifty 50 opened 12 points, or 0.04% down, at 24,607, while the B...