India, Aug. 8 -- Indian shares fell sharply on Friday amid concerns that steep 50 percent U.S. tariffs on Indian goods may hut the country's manufacture push and slow economic growth.
Moody's Ratings said India's real GDP growth may slow by around 0.3 percentage points from its current forecast of 6.3 percent for the fiscal year ending March 2026.
Reducing Russian oil imports to avoid penalty tariffs could also make it harder for India to secure alternative crude supplies in sufficient quantities, Moody's said.
The ratings agency forecast India's real GDP growth to slow by around 0.3 percentage points from its current forecast of 6.3 percent for the fiscal year ending March 2026.
The benchmark BSE Sensex ended down 765.47 points, or 0.9...