Global Market Slump Hits India: Experts Warn of Prolonged Decline Amid U.S. Tariffs Impact | ABP NEWS

The global stock markets are currently experiencing a significant decline, and the impact is being felt in India as well. Despite this, the effect on the Indian markets seems relatively muted compared to other Asian markets. However, Indian indices like Sensex and Nifty have seen substantial drops. Experts believe that this downturn could continue for a while, with some suggesting that the decline witnessed on Monday, where the market dropped by over 300 points, may be just the beginning. Global factors, particularly the impact of U.S. tariffs, are being blamed for the worldwide market slump. U.S. President Donald Trump has been firm about his trade policies, stating that the country will no longer run deficits with other nations. While the tariffs have caused immediate fluctuations in global markets, experts warn that this could lead to a prolonged financial struggle.In India, while the situation is not as severe as in countries like Japan (where the market dropped by 6.5%), experts emphasize the need for decisive action from the Indian government. The Commerce Ministry may need to reassess its strategies and adopt a robust plan to counteract the situation. There are concerns that the "Make in India" initiative could also face setbacks, as rising competition from cheaper foreign products may harm domestic businesses. In conclusion, the current market scenario raises several questions, and experts predict that the situation may worsen in the coming days.

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