India’s manufacturing sector is currently experiencing challenges as a result of a 50% tariff imposed by the United States. This tariff is particularly impacting labor-intensive industries and the country’s oil imports from Russia. According to a report by the World Economic Forum, growth expectations for South Asia have softened due to these external factors. Additionally, projections indicate that the global economy is expected to weaken by 2026 due to trade disruptions and policy uncertainty.
US Tariffs Pose Challenges for India’s Manufacturing Sector: Report by World Economic Forum
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