Chennai, Sept. 17 -- Strong domestic fundamentals and consumption, along with GST reduction, have helped Indian stock markets perform well despite US import duty hikes, according to a Bank of Baroda economist.
"We believe markets have now priced in the uncertainty around tariff related decisions," Sonal Badhan, economist said in a report.
The current calendar year (CY25) had a rough start, as the new US administration led by President Donald Trump started its term by announcing tariffs on its major trading partners and key commodities.
Initially the tariffs were product based (automobiles and parts, steel, aluminium), which were later expanded to all the countries, Badhan said in the report.
According to Badhan, between January and Apri...