Prashant Jain, Founder and Chief Investment Officer of 3P Investment Managers in an interview to CNBC-TV18, pointed out that India’s direct exposure to potential US tariffs is quite limited, as manufactured goods exports to the United States account for only about 2% of India’s Gross Domestic Product (GDP). Therefore, the direct impact of such trade measures should be minimal on the overall economy. Adding to the positive outlook are the recent declines in global oil prices and bond yields. Lower energy costs benefit India, a major oil importer, while falling interest rates ease financial conditions.
