Healthier India Inc. faces risks

A differentiating factor

- Harsha Jethmalani

S President Donald Trump's 90-day pause on additional tariffs for most countries, barring China, is just a temporary breather. There is a rising chorus among global equity market participants about a US tariff-led global recession.

Renowned hedge fund manager and billionaire Ray Dalio warns of something worse than recession if the tariff situation is not handled well. India is a more domestically focused economy than many Asian peers that are feared to bear a significant brunt of the trade disruption even as micro-level repercussions remain a focal point for the country.

Is India Inc. better placed now than in the previous crisis? From India's own macro-stability and balance sheet perspective, the environment is much better than 2008 or 2020, says Nuvama Research.