“It will clearly be a negative sentiment – impact on the market and if you look at the export from India to the United States, the large numbers really come from car and industrial components, number one,” says Manishi Raychaudhuri, experienced investor in Asian shares.Not a great morning for the Indian markets and many of these sectors that seemed to be a bit worrying. So, first of all, in the first place help us that this 25% rate implication about which sectors can really weigh heavily and at least we can also have some impact on income.
Manishi Raychaudhuri: Let me make a few points. First, we must understand that we have no details at this stage. For example, we have no details about the exemptions. His medicines exempt from these 25% as they were during the mutual rates of April, number one. Are electronic goods that are exempt in many parts of the world with other trading partners of the United States, are they also exempt for India? We don’t know. So many of these details might come to the fore. And not only that, we don’t even know whether this scheme is permanent or not, because the conversations are still ongoing. President Trump himself said there are more rounds of conversations. A sixth round will be done at the end of August. So the situation is still fluent. It will clearly be a negative sentiment impact on the market and if you look at the export from India to the United States, the large numbers really come from car and industrial components, number one. Number two, on pharmaceutical products that are approximately 8 to 9 billion and of course clothing and other leather goods, and so on. So those are the sectors that come to mind, which would possibly have the most negative influence. I would warn that I would actually do the figures at the moment, because, as I said, we would not really know what is being ingrained in these announcements.
Manishi Raychaudhuri: Let me make a few points. First, we must understand that we have no details at this stage. For example, we have no details about the exemptions. His medicines exempt from these 25% as they were during the mutual rates of April, number one. Are electronic goods that are exempt in many parts of the world with other trading partners of the United States, are they also exempt for India? We don’t know. So many of these details might come to the fore. And not only that, we don’t even know whether this scheme is permanent or not, because the conversations are still ongoing. President Trump himself said there are more rounds of conversations. A sixth round will be done at the end of August. So the situation is still fluent. It will clearly be a negative sentiment impact on the market and if you look at the export from India to the United States, the large numbers really come from car and industrial components, number one. Number two, on pharmaceutical products that are approximately 8 to 9 billion and of course clothing and other leather goods, and so on. So those are the sectors that come to mind, which would possibly have the most negative influence. I would warn that I would actually do the figures at the moment, because, as I said, we would not really know what is being ingrained in these announcements.
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