Speaking at India Global Forum summit in Mumbai, the CM said that Trump's tariffs present growth prospects for sectors like textile. Maharashtra is one of India's textile hubs.
Tariffs, while once a key revenue source, now have unintended consequences in a modern, digitized world, causing inefficiencies, legal complications, and challenges in global supply chains.
The Nifty 50 rose 1.08 percent to 22,409.15 while the BSE Sensex gained 1 percent to 73,860.7 respectively, as of 10:22 AM, after initial rise of 1.9 percent in the morning.
Trump said he would impose additional 50 percent duty on US imports from China Wednesday if Beijing did not withdraw the 34percent tariffs it had imposed on US products last week.
The jitters in Indian markets are likely ‘short-term’. Experts say this could serve as a key growth opportunity & that India must accelerate FTA talks with major countries, including US.
Temba Bavuma highlighted the irony of facing racism in India, a brown-skinned nation that had stood firmly against apartheid. If there was ever a figurative slap in the face, this was it.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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