US Tariff on India: What It Means for Markets
The recent announcement of a 25% tariff on Indian goods by the US is not expected to significantly impact India's economy or markets, according to expert Shankar Sharma. He emphasizes that Indian exports to the US primarily consist of traditional items like gems, jewellery, and textiles, which have been stable over the years. Although this tariff might momentarily affect market sentiments during a lackluster earnings season, the underlying issues in the Indian market stem from domestic factors rather than US policies. With Indian benchmarks struggling, the focus remains on local economic conditions rather than external tariffs.
