Trump's Trade Tariffs: India's Financial Markets Brace for Potential Shockwaves
India is poised to experience ripple effects from US tariffs targeting Canada, Mexico, and China, according to V Anantha Nageswaran, the country's chief economic adviser. In an exclusive interview with Bloomberg Television, Nageswaran revealed that India has strategically prepared for potential global economic turbulence by anticipating "very high" international uncertainties during its recent budget planning.
The economic expert highlighted the interconnected nature of global financial markets, suggesting that trade tensions and tariff policies implemented by major economies can have far-reaching consequences beyond their immediate geographical boundaries. India's proactive approach demonstrates its awareness of the complex global economic landscape and the need for resilient financial strategies.