Two by Two Are Trump's tariffs a crisis or an opportunity for India?
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May 8, 2025 In this discussion, Mohit Satyanand, an entrepreneur and economy-watcher, shares insights on the impact of Trump’s tariffs on India. He emphasizes the challenges that Indian entrepreneurs face in a competitive global market, highlighting the need for transparency in economic policy. The conversation delves into the complexities of India's trade relations with the U.S., including the implications for sectors like textiles and pharmaceuticals. Satyanand also explores the balancing act between protectionism and the growth opportunities within India's evolving economic landscape.
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US Consumers Bear Tariff Costs
- The US is the world's largest importer, with $3 trillion worth of goods, impacting consumers when tariffs rise.
- China is less hurt by US tariffs due to diversified markets and a smaller GDP role of exports to the US.
India’s Export Risk and Opportunity
- India exports about $130 billion to the US, only a small part of its GDP is affected by tariffs.
- Indian garment factories could benefit marginally as US won't immediately localize production due to tariffs.
Protection Hurts Consumers and Entrepreneurs
- Shielding Indian industry penalizes consumers with higher prices and poor quality products.
- Corruption and bureaucratic delays remain major obstacles for Indian entrepreneurs setting up businesses.