India secured a higher investment grade rating from S&P Global Ratings, which said the economy’s growth prospects won’t be derailed by President Donald Trump administration’s 50% tariff shock to the country.

The U.S. president argued that Russia, having lost India as its “second largest customer,” was forced back to the table. “India was the second largest, and getting pretty close to China. China is the largest purchaser of Russian oil,

Ratings agency S&P Global on Thursday raised India's sovereign rating to BBB after an 18-year gap, citing robust growth and fiscal consolidation, and asserted that 50% US tariffs, if imposed, would have an "overall marginal" impact and will not derail the country's long-term growth prospects.