Moody's Reduction Of US Tariff Rate On Most Indian Goods Will Reinvigorate Goods Export Growth

Feb 3 (Reuters) -

• MOODY'S: REDUCTION OF US TARIFF RATE ON MOST INDIAN GOODS WILL REINVIGORATE INDIA’S GOODS EXPORT GROWTH TO US

• MOODY'S: LOWER TARIFF RATE WILL BE CREDIT POSITIVE FOR LABOR INTENSIVE SECTORS SUCH AS GEMS, JEWELRY, TEXTILES AND APPAREL

• MOODY'S: PHARMA, CONSUMER ELECTRONICS HAD BEEN EXEMPT FROM 50% HIGH TARIFFS; UNLIKELY TO BE AFFECTED BY REDUCTION

• MOODY'S: INDIA IS UNLIKELY TO CEASE ALL CRUDE OIL PURCHASES FROM RUSSIA IMMEDIATELY WHICH COULD BE DISRUPTIVE TO INDIA’S ECONOMIC GROWTH

• MOODY'S: COMPLETE SHIFT TOWARD NON-RUSSIAN OIL BY INDIA COULD ALSO TIGHTEN SUPPLY ELSEWHERE, RAISE PRICES AND PASS THROUGH TO HIGHER INFLATION

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