CNBC's Inside India newsletter: How much leverage does India have in trade talks with the U.S.?
Publishing timestamp: 2025-04-10 10:55:00
Summary
India's consumer-led economy gives it a stronger hand in trade talks with the U.S. compared to other emerging Asian economies. While short-term impact of tariffs may be limited, long-term concessions may be necessary. India's diversified export destinations and focus on services rather than goods may provide some protection. However, competition from countries like Vietnam offering zero tariffs could complicate negotiations. Indian negotiators may have to balance making concessions with maintaining leverage. Despite tariff turbulence, Indian stocks are still considered expensive. The Reserve Bank of India has lowered rates to boost growth, and the government is considering reducing tariffs on EU car imports. Indian stocks fell on Thursday, but the country is expected to meet its growth targets.
Sentiment: MIXED
Tickers: BHARTIARTL-IN, AAPL, TCS-IN, .NSEI, INFY, ULTRACEMCO-IN, GAIL-IN, 4344.T-JP,
Keywords: economic events, business news, kura sushi usa inc, india, prices, world economy, tata consultancy services ltd, sourcenext corp, us dollar/indian rupee fx spot rate, narendra modi, china, jpmorgan chase & co, dxy us dollar currency index, cnx nifty index, bharti airtel ltd, united states, ultratech cement ltd, apple inc, gail (india) ltd, japan, infosys ltd,
Source: https://www.cnbc.com/2025/04/10/trump-tariff-trade-war-china-india-vietnam-impact.html