Big countries like the U.S. and China are fighting over trade. The U.S. started it by putting extra taxes on things China sells to them, and China hit back by doing the same to American goods. This makes things more expensive and harder to buy and sell. Since these two countries are the biggest buyers and sellers in the world, their fight is making everyone else worried—including India.

India isn’t as badly affected as China, but it could still lose a lot of money from exports (selling goods to other countries). On top of that, many experts think this fight could lead to a global recession—a time when businesses slow down, jobs disappear, and people have less money to spend.

If this happens, it would be tough for India because our economy is already struggling. But there is a way forward! The U.S. wants another big trading partner besides China. India can’t compete in high-tech areas like artificial intelligence and computer chips, but we have something valuable—lots of workers who can make things at a lower cost.

The problem? Our factories are small compared to China’s. If India wants to become a big manufacturing hub, we need to build large industrial areas across the country, not just in a few states. We also need to trade with more countries, not just the U.S. Even though China is our competitor, it’s also a superpower in making things, so keeping good relations with them could help us too.

In short, India has a chance to grow if we make smart moves. The government needs to act fast, build bigger factories, and make new trade deals to stay strong in this changing world.

Linkedin
Disclaimer

Views expressed above are the author's own.

END OF ARTICLE