💨 Abstract

India is evaluating the impact of the 27% tariff increase imposed by the US on its goods, as the US aims to reduce its trade deficit and boost manufacturing. Minister of State for Finance, Pankaj Chaudhary, stated that India prioritizes its own interests, unlike the US. Experts believe that despite the tariffs, India may be better-off than its competitors, who also face increased levies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖