On this episode of Two Sharp with ET, Nisha Poddar breaks down the double blow India faces:Trump’s 50% Tariff Shock: The US has doubled tariffs on Indian exports, hitting $87 billion price of products. Peter Navarro accuses India of fuelling “Modi’s conflict” by shopping for Russian oil. Former RBI Governor Raghuram Rajan warns the transfer is “like a commerce embargo” that would minimize India’s GDP by 1%. New Delhi is responding with an export promotion mission, GST aid, and international outreach to melt the blow.Market Meltdown: Dalal Avenue reels from the tariff shock. The Sensex has misplaced 1,500 factors in two classes, wiping out over ₹10 lakh crore in investor wealth. FIIs are promoting closely, however analysts are divided—some name it a short-term tactic, whereas others warn of deeper dangers to GDP.
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