do­mes­tic IN­DUS­TRY WILL Be HIT

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An es­ca­lat­ing trade war with the US has po­ten­tial to im­pact the do­mes­tic in­dus­try es­pe­cially phar­ma­ceu­ti­cals, ap­parel and tex­tiles, iron and steel, min­eral fu­els and also fish­eries. All these in­dus­tries are man­power in­ten­sive. At a time when un­em­ploy­ment is a big is­sue in In­dia and econ­omy is also slowly com­ing back to nor­mal, a trade war with US will im­pact the econ­omy’s growth mo­men­tum.

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