25% tariff by US on India will harm US more, than India: SBI
SBI Research warns that new 25 percent US tariffs on Indian exports will hurt the US more than India. The move could raise inflation, reduce GDP, and cost US households up to $2,400. India, having diversified export markets, may weather the impact better. Key sectors affected include electronics, jewellery, and pharma, potentially leading to drug shortages and price hikes.