India poised to gain from global supply chain realignments.
News: India will be among the first Asian countries to sign a trade deal with the United States, enabling it to lower its reciprocal tariff to 10%, which is below the tariff rate on China, according to Nomura.
“This should provide India with a tariff advantage over its competitors, leading to benefits from trade diversion and supply-chain shifts,” the rating agency said on Tuesday. India will be a “key beneficiary” of the ongoing supply-chain shifts, it added.
Source: The Economic Times
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