China is likely to guide its exports towards emerging markets including India to neutralise its industries from ongoing trade tensions, India Ratings and Research, a Fitch group company, said in its report.
“This could potentially disrupt the demand-supply dynamics in the Indian domestic markets, especially for products such as electronic goods, iron and steel and organic chemicals,” India Ratings and Research said on Friday.
The agency expects the contraction in Chinese trade flows to the US to result in massive flows of goods and commodities such as electronic and electrical components, steel, chemicals, plastic items and other products to India.Read More…
