New Delhi, March 25 -- India's economy is expected to show resilience despite trade tensions arising from US President Donald Trump's tariff threats, according to a report by S&P Global.

The report highlighted that economies with a significant share of service exports, such as India and the Philippines, will be less affected by tariff measures, which are primarily imposed on goods.

It said "As tariffs tend to be levied on goods, trade will be more resilient in economies where a substantial share of exports is of services. This is the case for the Philippines and, especially, India".

The report noted that while trade frictions led by the US will impact economies across the Asia-Pacific region, domestic demand is expected to remain stron...