India poised to gain from global supply chain realignments

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.