The writer is chief economist, CRISIL.
Pankhuri Tandon is junior economist, CRISIL Ltd
India can benefit from the US-China tariff war if it plays its cards well
If this trade war continues over a longer horizon, it could even result in shift of production bases and restructuring of global supply chains. Chinese firms are already moving production to their plants in other countries. India figures in the list of such probables.
A year into the US-China tariff war, its implications for India are still unfolding. The glass, as it were, could be seen as half empty, or half-full. What we know is India is losing its surplus with the US. It is gaining exports, and hence, narrowing its deficit with China. What we are yet to find out is if India can take the space vacated by the warring partners.
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