Calm before the storm: On the economy, impact of U.S. tariffs
The four-month high July growth rate of 3.5% in the monthly goods output barometer, the Index of Industrial Production, must have come as a relief a day after India’s largest trading partner, the United States, operationalised its punishing “penalty” tariffs of 25% ostensibly for New Delhi’s continued oil purchases from Russia. While this July’s 3.5% … Read more