New Delhi, March 7 -- The tariff war initiated by the United States is expected to disrupt global supply chains and adversely impact India's exports, particularly in sectors including textiles, pharmaceuticals, and auto components, according to a recent CRISIL report.
Escalating trade tensions and increasing protectionist measures by the US pose significant headwinds for India's export sector, potentially challenging the country's economic stability.
Crisil's India Outlook March 2025 indicates that India's merchandise trade surplus with the US has been consistently growing, reaching USD 33.6 billion in 2023, which makes the country vulnerable to retaliatory tariff actions.
The report states, "India now faces potential challenges from U...
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