India Likely to See Small Hit From Trump Tariffs as Threats Grow.

According to Bloomberg Economics, India's economy is expected to be minimally affected by Donald Trump's proposed tariff increases on all countries. If Trump is re-elected and follows through with his plan to impose tariffs, India's gross domestic product (GDP) is estimated to be 0.1% lower by 2028. This decline would be due to the global trade slump caused by the tariffs and India's weaker competitiveness compared to other countries. Trump has criticized India for imposing high tariffs on American goods, but he has also praised Prime Minister Narendra Modi. Bloomberg Economics suggests that India can counter the impact of Trump's trade barriers by increasing manufacturing subsidies and reducing import tariffs. [Extracted from the article]