India’s Resilient Economy: Low Goods Exports to US Offset Trade Tensions, Services Drive Growth, Says Morgan Stanley

India’s low volume of goods exports to the US provides a cushion against trade tensions stemming from President Trump’s tariff policies. The country’s robust services exports and favorable domestic policies are bolstering its resilience during this challenging period. According to Morgan Stanley, India’s economic recovery efforts involve ramping up government spending, relaxing monetary policies, managing food inflation, and leveraging strong services exports to propel growth. This strategic approach is aimed at navigating the uncertainties in the global trade landscape and ensuring sustainable economic progress for India.

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