Indian corporates have demonstrated remarkable resilience in their credit profiles despite global uncertainties such as tariff disruptions and geopolitical tensions, according to a report by ICRA Ratings released on Tuesday.

The report noted that India’s domestic-focused economy helps cushion the impact of higher US tariffs. “Domestic consumption is likely to receive a boost from GST rate rationalisation, income tax relief, rate cuts, and easing food inflation, particularly supporting urban demand, which has seen uneven recovery,” ICRA stated.

The steep 50 per cent tariff imposed by the US on Indian exports poses challenges, especially for cut and polished diamonds, textiles, and seafood sectors, which heavily rely on the US market. “However, positive domestic trends have led us to revis

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