The decision by the US to scrap the preferential trade status granted to several Indian products has grabbed headlines this week. But the direct impact of the measures will be small. India’s exports to the US last year were worth just 2% of GDP. Nevertheless, the measures should give India’s policymakers some food for thought. Meanwhile, PMI data for February add to the evidence that the domestic service sector is currently in good health.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services