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Image Credit: Bloomberg Quint

India Assets Fare Better Than Rest Of Asia After Tariffs Reveal

  • Indian assets suffered less than their Asian peers after President Donald Trump’s tariffs measures were perceived as less severe on the nation's economic growth and corporate profits.
  • The Nifty 50 Index nearly pared its initial loss of 0.8%, supported by gains in drugmakers, while the rupee fell less than most emerging Asian currencies.
  • The unpredictability of the measures poses a risk to Indian equities, despite their slight outperformance compared to other Asian markets.
  • Indian pharma stocks were a bright spot after being exempted from US import taxes, while other sectors remain cautious due to global demand and trade sensitivity.

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