India is facing fresh tensions with the Trump administration. The president is threatening steep tariffs in response to India’s continued oil trade with Russia – even as he’s reportedly preparing to hold direct talks with Vladimir Putin. How this all plays out could have significant implications for India’s trade picture and its broader economic trajectory. Can Delhi get a deal done with DC to dodge higher duties?
In this special online briefing,our economists unpacked the macro and market risks for India arising from this formidably complex situation, highlighting risks to the country’s macroeconomic outlook, its positioning in a fracturing global system and the relative performance of its financial markets.
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