Trump’s Reciprocal Tariffs: An Opportunity or a Challenge for India’s Economy?
The Trump administration’s recent hefty tariffs, hitting up to 26% on certain Indian goods, have really shaken things up for Indian businesses and the government. Sure, it’s messed with the trade flow between India and the US, but it’s also got people looking for any silver linings. These tariffs have pushed India to get serious about beefing up its own industries and trying out some new trade ideas. We might see India spreading its exports around more and relying less on the US. Plus, it could push Indian companies to step up their game and be more efficient to handle the extra costs. Steel, aluminum, and some farm products are feeling the pinch the most. It’s tough for them to keep selling to the US, but it’s also a chance to find new buyers elsewhere and make new trade deals. These tariffs might also get India moving faster on boosting local manufacturing and buying. That could pump up domestic demand and cut back on how much we depend on exports. Down the line, it could mean a more...