Business

US-India trade tension hangs over Indian capital markets

Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 American products.

This decision followed the US ending India's $5.6 billion trade concessions under the Generalised System of Preferences (GSP) programme.Last year, the US imposed duties on steel and aluminium from India following which a retaliation was deferred until now.Several analysts have said investors sentiments would be impacted. 

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