| Company | Value | Change | %Change |
|---|
According to government sources, exporters have provided positive feedback regarding export orders, signalling optimism for increased trade opportunities.
Sources also revealed that the United States might retaliate against China’s tariff measures on certain products. The US Trade Representative and the US Department of Commerce are expected to assess the situation and recommend potential actions. If the US imposes countermeasures against Chinese goods, it could further boost demand for Indian exports, providing a competitive edge for Indian manufacturers.
As tariffs drive up the cost of Chinese products in the American market, Indian exporters are poised to capitalise on the shifting trade dynamics. However, the extent to which India can fully leverage this situation remains uncertain.
This is not the first time India has benefited from trade tensions between the two economic giants. During the previous US-China trade war, India emerged as the fourth-largest trade beneficiary. Indian exports surged from $51.63 billion in FY21 to $76.71 billion in FY22, reflecting a significant gain. Given this precedent, India is hopeful for a similar outcome this time around.
