By Admin 
The ongoing conversation between India and America about the trade deal is at the last stop. Meanwhile, US President Donald Trump had threatened that 10 percent additional tariffs would be imposed on BRICS countries. Following this statement by Trump, a report claimed that India will still have full opportunity to increase exports. SBI report states that India has a possibility.
According to SBI research, even if there is no compromise between India and US as expected and 10% additional tariffs are imposed on India, then it will still have the options to increase exports. India will have great possibility of diversity. Actually, Trump was asked after an additional tariff statement whether it would apply to India too. Trump had said in response that whatever BRICS is part of the country, it will be charged 10 percent additional tariffs.
India has a chance to strengthen the grip
The trade deal between India and America is going to be completed. Meanwhile, the report also said that the US has recently increased tariffs on 23 countries, this has changed the global trade dynamic. India was not very affected due to tariffs at the moment. Now he has a chance to strengthen his grip in the markets of America and tariffs affected by tariffs. India can bring itself to a better position in many sectors including agriculture, food items and chemicals.
India’s GDP may affect
America has imposed a lot of tariff on China. Because of this, China’s exports to America will be affected. In such a situation, India has a good chance. India can strengthen its move in the sector of chemical and pharmaceuticals. According to the report, if India acquires 2 percent stake in the US chemical import, it can increase its GDP by 0.2 percent. Currently, China and Singapore have 2 percent stake.