Hey everyone! The US just slapped a 50% tariff on Indian exports 😱. Raghuram Rajan, ex-governor of the Reserve Bank of India, says it’s a major blow for small and medium exporters and could hike up costs for US consumers.
Why it matters 🤔:
- Higher costs for exporters: From Bangalore’s tech startups to Delhi’s handicraft makers, many SMBs will feel the pinch.
- Price shock for buyers: Extra duties often translate to higher prices on your favorite e-commerce apps.
- Diversification alert: Rajan calls this a wake-up call for India to avoid relying on just one market.
What’s next? India needs to explore new lanes in the global supply chain—think Southeast Asian hubs like Vietnam or Malaysia, African markets, and beyond 🌏. By spreading risk, Indian exporters can stay resilient against sudden policy shifts.
For young pros and entrepreneurs, the message is clear: diversify where you sell and source goods. It’s not just smart—it’s essential for growth in a fast-moving world 🚀.
Reference(s):
U.S. 50% tariff on India a 'wake-up call' for global supply chain integration
cgtn.com
