Indian firms face steepest earnings cuts in Asia amid US tariff risks

Indian firms are facing the "steepest earnings cuts in Asia," as analysts slash forecasts due to "US tariff risks." The potential for a 50% tariff on Indian exports to the US has heightened risks to growth, even as proposed domestic tax cuts aim to cushion the impact. The earnings downgrades, the sharpest in the region, reflect concerns over export-reliant sectors like textiles. While the Indian economy is largely domestic, the threat of trade conflict with the US is a significant risk to the economic outlook.