India’s economy may avoid major fallout from US trade tensions due to its trade balance. Still, the final impact depends on upcoming trade negotiations, according to a Union Bank of India report.
While the economy remains resilient, currency fluctuations and liquidity conditions are being affected, prompting the RBI and government to take steps to maintain stability.
Key exports like automobiles, gems, steel, and pharmaceuticals remain vulnerable to tariff changes and restrictions.
In response to US protectionist policies, India may impose countermeasures, impacting sectors such as steel, solar energy, and food products.
Lower oil prices could support energy-dependent industries, but metal producers face challenges from global price fluctuations and trade uncertainties.
US economic uncertainty, driven by shifting trade policies, has led to weaker growth forecasts and rising inflation.
Market instability continues to affect global trade, with concerns over US recession risks and unpredictable policy decisions.
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