Economic activity in India held up in April despite geopolitical turbulence and escalating military tensions on the country’s western border. However, there were signs of some weakening in consumption demand.The financial year got off to a tumultuous start, with US President Donald Trump announcing reciprocal tariffs on all major economies, only to suspend them within a week for all countries except China. The US and China have also reached an agreement, suspending the retaliatory tariffs on each other.
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