New Delhi, April 3 -- India will be able to safely navigate through the tariff challenges, says a report by Bernstein, an international equity research company.

The report stated that India is more likely to engage with the US through negotiations rather than escalating a trade war. While there could be an immediate negative sentiment in the markets, the report expects a macroeconomic recovery in the second half of the year.

It said "We believe India will be able to safely navigate through the tariff challenges and is more likely to engage with US through negotiations rather than heating up the trade war".

India had already taken proactive steps before the tariff announcement. In March, India signed the Terms of Reference for a Bilater...