US President Donald Trump's punitive tariffs on Indian imports will not impact India's economic growth, and its sovereign ratings outlook will remain positive, according to S&P Global Ratings Director YeeFarn Phua.

AFTER saying for months that a trade deal with India was around the corner, US President Donald Trump imposed a 25 per cent tariff on its Indo-Pacific partner, and then doubled it in less than a week. The reason, he said, was that India was buying Russian oil, even though he left out China, which buys more Russian oil than us.