India Inc, however, will be “measured” in making investment decisions in the new fiscal because of the external headwinds, they said.
“Indian non-financial companies are not directly affected by US import tariffs due to their focus on domestic consumption and low dependence on exports,” a statement from Moody’s said.
It further noted that government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand.
“Private capex to remain measured amid external headwinds,” it said.
