domestic demand and investment

Given the sustainability of economic growth amidst global pandemic of COVID 19, India ensures a strong base for macro-economic parameters, unleashing a determination to belittle the threat of Trump’s tariff war. In India. export of merchandise goods is not the principal contributor to its growth, unlike major ASEAN countries and EU. Growth in India depends substantially on domestic issues, led by domestic demand and investment. According to IMF, India’s exports of merchandise goods and services accounted for 21.8 percent of GDP in 2021-22. Of these, the stake of merchandise goods ( which would face Trump’s tariff woes) was 13 percent. It is lower than ASEAN majors, like in Thailand, it is 70.1 percent, in Malaysia it is 71.4 percent ดูหนัง2025