How can India offset impact of Donald Trump’s tariffs? ‘Two broad options’ to absorb shocks - explained
Faced with 50% tariffs imposed by the US, India can mitigate the impact by boosting domestic consumption, as its internal market absorbs a significant portion of production, says GTRI. Diversifying export destinations through Free Trade Agreements with the EU, UK, and other nations is another viable strategy.
Faced with 50% tariffs imposed by the US, India can mitigate the impact by boosting domestic consumption, as its internal market absorbs a significant portion of production, says GTRI. Diversifying export destinations through Free Trade Agreements with the EU, UK, and other nations is another viable strategy. What's Your Reaction?
