India’s Union Budget 2025: How President Donald Trump’s trade policies could reshape the nation’s economic strategy
Union Budget 2025 is significantly shaped by global factors, including the ongoing influence of Donald Trump. His stance on trade and international relations casts a large shadow over India's economic policies, especially as the country grapples with slowing GDP growth, rising inflation, and trade imbalances. The key challenge lies in balancing the need for fair trade relations with the US while ensuring India’s manufacturing sector remains competitive and doesn't face the brunt of any tariffs or restrictions imposed by the US.
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How Trump’s trade stance affecting India’s budget?
Donald Trump’s approach to trade, which includes focusing on a «fair» bilateral relationship, directly impacts India’s budget decisions. The recent challenges in India’s trade balance, marked by increased imports and stagnant exports, have heightened the need for the government to respond strategically. The focus is on securing favorable terms with the US, especially in sectors like pharmaceuticals and gems, which are critical to India’s exports.
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How can India’s Union Budget address trade challenges?
India’s Finance Minister, Nirmala Sitharaman,
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