BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Indian Markets Brace for Cautious Open Amid US Tariff Pressures
Indian Markets Brace for Cautious Open Amid US Tariff Pressures
22
2
BTCCSquare news:
Indian equities are poised for a flat start as global markets react to heightened US trade barriers. Analysts suggest resilience in domestic markets despite new 25% tariffs on key export sectors, pushing total levies to 50%. The measures disproportionately target pharmaceuticals, textiles, and gemstone industries—collectively representing 0.5-0.7% of India's GDP.
"This isn't alarm bells, but certainly a wake-up call," notes Dr. Manoranjan Sharma of Infomerics Ratings. The economist highlights India's domestically-driven economy as a buffer against external shocks, citing precedents like the 2008 financial crisis and pandemic disruptions. Value buying is expected to emerge as New Delhi prepares export incentive countermeasures.
By:
