Trade & Tariff Shocks

This year is expected to bring tariff shocks. While India's domestic economy enjoys a rare 'Goldilocks' phase of steady growth and stable inflation, this economic resilience increasingly clashes with a volatile global trade landscape and an expected rupee slide, offering a mixed bag for exporters and importers alike.

- Samreen Wani

The country faces mounting pressure from US tariffs of 50 percent, which briefly dampened September shipments to India's largest trade partner when exports fell by 21 percent. Despite global headwinds, India's overall merchandise exports hit $291.7 billion-up 2.5 percent in April-November 2025-fuelled by el