India, April 21 -- Economies around the world aren't currently enduring the best of times, thanks to US President Donald Trump, who announced reciprocal tariffs on nations earlier this month. The aftermath of the decision was such that global markets plummeted in distress over fears of a worldwide economic slowdown.

The move that was aimed at curbing trade imbalances and protecting domestic industries has done more harm than good, triggering retaliation from key trade partners, leading to fears of a full-blown trade war.

Although the US has given a 90-day relaxation, temporarily deferring tariff hikes for many countries, including India, a breath of respite has embraced the public market. However, the horizon still appears clouded due t...