On this episode of Two Sharp with ET, we break down the double whammy for India—Trump’s sweeping reciprocal tariffs and an enormous market crash forward of April 2. With India among the many international locations going through the very best export threat, sectors like auto, textiles, electronics, and IT are bracing for impression. Emkay World pegs the export loss at as much as $31 billion, practically 0.8% of India’s GDP. Whereas pharma could also be spared, the market has already reacted with the Sensex falling 1,390 factors and Nifty beneath 23,200. In the meantime, New Delhi is selecting diplomacy over retaliation. Is a commerce deal in sight? Nisha Poddar breaks it down.
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