US market curbs to hit India’s manufacturing ambitions, but domestic demand to stay strong: Moody's

Moody's Ratings warns that new US tariffs, including a 25% duty on Indian imports starting August 7th and a potential penalty on Russian imports, will hinder India's manufacturing ambitions, especially in electronics. While these measures disadvantage India compared to other APAC exporters, Moody's expects India's strong domestic demand and thriving services sector to remain resilient.