Asia's economic divide forecast to widen in 2026
AI boom lifts tech hubs but tariffs weigh on others
By PRIME SARMIENTO in Hong Kong |
China Daily |
Updated: 2025-12-30 09:50
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Amitendu Palit, a senior research fellow at the Institute of South Asian Studies in Singapore, said the high US tariffs have a limited impact on India. "The Indian economy draws a lot from its domestic economy," he said.
With India negotiating a bilateral deal on tariffs, Palit said its government also needs to consider whether the industries affected by the US tariffs can be supported through easier access to export finance.
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