Trade war: US tariffs on India may hurt manufacturing, labour-intensive sectors; experts warn of wider economic impact
Experts caution that the recent 50% U.S. tariffs on Indian imports pose a significant threat to India's economic growth, particularly impacting labor-intensive and manufacturing sectors. This move risks slowing exports, investment, and adding pressure on the rupee, potentially leading to a downward revision of India's FY26 GDP growth forecast.
Experts caution that the recent 50% U.S. tariffs on Indian imports pose a significant threat to India's economic growth, particularly impacting labor-intensive and manufacturing sectors. This move risks slowing exports, investment, and adding pressure on the rupee, potentially leading to a downward revision of India's FY26 GDP growth forecast.
