Traders who ignored India's 50% tariff bomb just learned a $1 trillion lesson
Key Points
- The U.S. imposed 50% tariffs on certain Indian goods, prompt...
The U.S. just slapped India with tariffs reaching 50% on certain goods, and suddenly everyone's discovering that India isn't just about call centers and curry. With a domestic market that could swallow most countries' entire economies for breakfast, India's showing the world that sometimes size does matter - at least when it comes to absorbing economic punches.
The Great Downgrade Derby
Analysts have been busier than a one-legged cat in a sandbox, slashing earnings forecasts for Indian companies by 1.2% in just two weeks. That's the steepest cut across all of Asia, making India the unfor...
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