India least exposed to Trump's trade policies, CLSA raises India's overweight to 20 pc over China
India is emerging as one of the least affected markets in the region when it comes to former U.S. President Donald Trump's trade policies, highlighted a report by global brokerage firm CLSA.
The report stated that this resilience is attributed to India's relatively low trade exposure to the U.S., manageable corporate leverage, and declining levels of foreign equity ownership. While other markets might face greater vulnerabilities, India remains better positioned to weather such challenges.
«India appears as among the least exposed of regional markets to Trump's adverse trade policy. Moreover, so long as energy prices remain stable, India may offer a relative oasis of FX stability in an era of a strengthening US dollar» it said.
The report also reversed its tactical overweight on China while raising its exposure to a 20 per cent overweight on India. It said «We therefore reverse our tactical allocation in early October, returning to a benchmark on China and a 20 per cent overweight on India.»
It mentioned that one of the key factors supporting India's stability is its ability to maintain relative foreign exchange (FX) stability, especially if global energy prices remain stable.
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