India's push for self-reliance is not just related to trade or foreign currencies, Prime Minister Narendra Modi said on Friday, as New Delhi struggles with U.S. President Donald Trump's high tariffs imposed on its goods.

The Trump administration has hit India with 50% tariffs. And just after a short military conflict between India and Pakistan, President Trump played host to Pakistan’s army chief of staff at the White House.

Credit rating 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.

By bno - Kolkata Office S&P Global Ratings has raised India’s sovereign credit rating to BBB from BBB-, with a stable outlook, marking the first upgrade in 18 years, The Indian Express reports. The move positions India closer to the coveted ‘A’ category,

Improvement in credit will reduce the cost of debt for Indian companies in international markets. In January 2007, S&P gave India the lowest investment level rating, 'BBB-'. S&P Upgrades India Ratings: India's sovereign credit rating was upgraded by S&P Global Ratings on Thursday to 'BBB'.

US Treasury Secretary Scott Bessent has warned that Washington could increase secondary tariffs on India. He said the decision would depend on the outcome of President Donald Trump's meeting with Russian counterpart Vladimir Putin in Alaska on Friday.

Former National Security Adviser John Bolton said Wednesday that President Trump’s tariffs may push India further away from the U.S. and into deeper alliances with Russia and China. The president previously threatened to impose a 25 percent tariff on India for purchasing oil from the Kremlin absent of similar punishments for China,