That’s a steeper hit than the 15% to 20% range applied on several regional peers.India’s stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings.

The recent 25% tariffs imposed by President Trump on Indian goods are sending ripples through the Indian stock market and economy. As investors reassess their strategies amidst ongoing trade negotiations,

The Indian stock market awaits a gap-down opening on Thursday, July 30, after US President Donald Trump announced a supersized 25% tariff rate on India for trade.