Market crash of concern, India ought to begin negotiations with US: Shashi Tharoor

Market crash of concern, India ought to begin negotiations with US: Shashi Tharoor

Expressing concern over 7 April, Monday’s inventory market crash following the US authorities’s determination to impose reciprocal tariffs on Indian imports, senior Congress chief Shashi Tharoor urged the Centre to start out negotiations with that nation on bilateral commerce.

Amid fears of a world commerce warfare after US president Donald Trump’s determination to impose reciprocal tariff on Indian imports, the Sensex crashed over 2,200 factors throughout the day.

Tharoor, whereas speaking to reporters at Ahmedabad Airport, mentioned the Indian financial system will survive and will not go into recession due to its 5.4 per cent progress.

The Thiruvananthapuram MP is within the metropolis to participate within the Congress Working Committee (CWC) assembly on Tuesday, 8 April, and the All India Congress Committee (AICC) session on 9 April.

“It (immediately’s market crash) is certainly a matter of nice concern. We hope India may get some aid (in tariff) throughout our future negotiations with the US. However, as of now, that is definitely adverse information.

“World markets, not simply Indian, are severely affected. It appears nobody understood Trump’s logic behind tariffs as a result of the US inventory market has additionally crashed badly,” mentioned the Congress chief.

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