India is set to be the notable beneficiary of the ongoing US-China trade dispute, potentially gaining $11bn. Statistics from the UN Conference on Trade and Development indicate the proposed US tariffs on Chinese imports will see India’s exports increase by $8.3bn. China’s tariffs on the US will result in a $2.65bn gain for the country. Communications and office equipment will be the sectors benefiting most from the former, securing India $2.44bn. The Indian government has been trying hard to keep its economy afloat with measures like demonetisation that have led to massive cash shortages across the country as people struggle to pay their bills.
India is set to be the notable beneficiary of the ongoing US-China trade dispute, potentially gaining $11bn. Statistics from the UN Conference on Trade and Development indicate the proposed US tariffs on Chinese imports will see India’s exports increase by $8.3bn. China’s tariffs on the US will result in a $2.65bn gain for the country. Communications and office equipment will be the sectors benefiting most from the former, securing India $2.44bn. Chemicals and plastics will be the industries notably profiting from the latter tariffs, gaining $1bn.