<ul><li>India may face indirect tariff heat in key sectors, warns India Ratings and Research (Ind-Ra).</li><li>Diverted global supply could flood Indian markets, impacting sectors like steel, textiles, and chemicals.</li><li>Reciprocal tariffs create uncertainty and the risk of volatility in global markets.</li><li>Monetary and fiscal policies may need to remain supportive of growth to counter global volatility and tariff uncertainty.</li></ul>

India May Face Indirect Tariff Heat In Key Sectors: Ind-Ra

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