New Delhi, Aug. 2 -- Indian economy is expected to remain unshaken by the imposition of steep US tariffs
on its exports, according to the latest State Bank of India (SBI) report. SBI is an Indian multinational public
sector bank and financial services body.
The report termed the imposition of 25 per cent tariff on India with penalty as a "Bad Business Decision" but the mysterious forces of Global Supply Chain should auto adjust and cushion the impact.
Moreover, the report said, "Indian businesses and firms would do well to reinvigorate the 'Made in India' as the hallmark of unquestionable Quality.Not surprisingly, US GDP, Inflation, and currency face a greater risk of downgrades compared to India."
"Though the US is India's top exporte...