Biz Updates: Limited impact of US tariffs on Indian banks; Sri Lankan exports expected to grow 6% in first quarter of 2025

New Delhi| A global rating agency estimates that US tariff moves will have limited impact on Indian banks. The report released by Moody’s Investors Service said that US tariff measures will have a limited impact on the country’s banks due to India’s diversified and low exports. According to the report, government capital expenditure, tax cuts for the middle income group and monetary relaxations to boost consumption are important decisions. It is on the basis of such factors that its outlook on the Indian banking system remains stable.

Sri Lankan exports projected to grow 6% in Q1 2025
The Export Development Board of Sri Lanka estimates that Sri Lanka’s exports will register a growth of about 6 per cent in the first quarter of 2025. Sri Lanka’s economy has shown remarkable resilience and growth during the first quarter of 2025, the board said in a statement released on Wednesday. The country’s total exports have reached US$ 4,212.13 million. Strong growth of 5.87 per cent has been recorded compared to the same period last year. Total exports, including both goods and services, reached US$ 1,507.90 million in March. There is currently an impressive 6.24 percent year-on-year growth compared to March 2024, the Export Development Board said. A substantial month-on-month increase of 11.76 percent has been reported since February 2025.