6 ways Trump’s tariff “Liberation Day” could shake global markets

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Could India emerge as a winner?

While global markets brace for impact, India could see limited downside—or even a strategic advantage. With exports accounting for just 12% of GDP, the economy is less exposed to tariff shocks. If US levies on China push buyers to seek alternative suppliers, India could gain market share. Strong domestic demand and a 6.6% GDP growth forecast for FY25 further cushion the impact.

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