Q 9) Also, is there a risk in investing in export-oriented companies, given the volatility around the trade deal? It was expected in November, but we’re still waiting for it to materialize.
The trade deal was expected in July, then August, November, and December—almost 11 months of delay, which is frustrating, especially for export-oriented companies facing near-term hurdles. However, entrepreneurs and the government have been proactive, diversifying into alternative markets and managing exports to the US, where around 50% don’t fall under tariffs, with costs shared between buyer and seller. Our view is this tariff isn’t permanent; it’s hard to believe India, with relatively normal US relations, would face 50% tariffs indefinitely. So, we remain optimistic.
