India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Rural Recovery Amidst US Tariff Concerns

August 17, 2025

India's economic landscape is marked by significant developments, including a sovereign credit rating upgrade by S&P Global, major Goods and Services Tax (GST) reforms aimed at boosting consumption, and signs of recovery in the rural economy. These positive indicators come despite challenges posed by substantial foreign portfolio investor (FPI) outflows and new tariffs imposed by the United States, which raise concerns about export and job impacts.