This is a India news story, published by CNBC, that relates primarily to Elon Musk news.
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tariffsCNBC
•75% Informative
Economists expect India to benefit from a U.S.-China trade spat as American firms will attempt to diversify their supply chains.
Trump 's promise of stinging tariffs on all imports from China has been seen as beneficial to India .
Elon Musk is likely to have an outsized influence on America 's trade policy with China .
India 's inflation in December came in at 5.22% year on year , lower than the 5.30% forecast by a Reuters poll of analysts.
The softer inflation reading offers room to the RBI to cut rates, amid slowing growth in the country.
The Indian rupee has been depreciating against the U.S. dollar this week , but the government has enough foreign exchange reserves to stem any excessive currency moves.
VR Score
84
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88
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