US tariff threat boosts India Inc push into new markets
A new US threat of tariffs on India for Russian oil purchases is raising stakes for Corporate India’s search for new markets, while infrastructure and logistics improvements have narrowed India’s cost disadvantage to about 8%.
A new US tariff threat of up to 100 per cent on India over its purchases of Russian oil has increased the urgency behind Corporate India’s push to find new markets. At the same time, gains in infrastructure, power and logistics have reduced the country’s cost disadvantage to about 8 per cent.