India’s largest shoemaker Farida Group had already staked out the land — a 150-acre plot in southern Tamil Nadu — for a sprawling new export facility. Then came the blow from Washington: President Donald Trump announced he was doubling tariffs on Indian exports to 50%.

Lawmakers and business leaders in India calling on people to boycott U.S. products in response to Donald Trump's tariff threats.

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.

Credit ratings agency S&P Global upgraded India's long-term unsolicited sovereign credit ratings to "BBB" from "BBB-" on Thursday, citing economic resilience and sustained fiscal consolidation.

The rating of India did not capture the country’s fundamentals for almost a decade, and the current rating action by S&P reaffirms the position that India's rating ought to have been on the higher side,