Trump tariff blow set to ripple through India’s economy and banks: Fitch's CreditSights

India's economy is bracing for impact as the US prepares to double tariffs on Indian exports in retaliation for continued Russian oil imports. CreditSights anticipates a manageable but noticeable hit, with GDP growth potentially slowing and key sectors like textiles and auto components facing headwinds. Banks may experience indirect effects through rising credit costs and weakened loan demand.