Neelkanth Mishra sees India weathering tariff shock, but warns of market and currency risks
Neelkanth Mishra, Chief Economist at Axis Bank believes India is well-placed to withstand the economic impact of US tariff moves, but warned that the country's financial markets and currency may not be immune to global volatility.“The market should start getting used to the fact that uncertainty will now accentuate," Mishra said.He expects some countries to retaliate, which could lead to significant currency fluctuations and increased market stress in the coming weeks as trade negotiations begin. He stated that India is relatively less impacted by the tariff changes and is making...