With better liquidity in the market, US retailers and brands are likely to increase their sourcing activities, which could lead to improved order volumes for Indian suppliers, he also mentioned. Exporters have noted a positive shift in sentiment, despite the ongoing uncertainties in global trade dynamics.
Following a recent US Supreme Court ruling, the United States may need to refund approximately $160–165 billion in previously levied tariffs.
The stock is currently trading at ₹1,634.20 as of 10:21 am on the NSE and has gained 54% over the last year.
The rollback has also restored tariff structures to a more consistent framework. Indian goods are now primarily subject to most-favored-nation (MFN) tariffs, akin to those from other exporting countries, with an extra temporary levy applied uniformly.
This adjustment alleviates the previous disadvantages India faced in comparison to certain competing nations. In sectors such as apparel and engineering goods, where profit margins are thin, even slight changes in tariff parity can significantly influence sourcing decisions.
The stock is currently trading at ₹517.35 as of 10:21 am on the NSE and has gained 46% over the last year.
On the ground, businesses are starting to observe signs of recovery, especially from the US market. Vidyashankar Krishnan, Chairman & Managing Director of M M Forgings, remarked that demand has significantly increased in recent months.
“Demand is currently quite strong from the US,” he stated, while also noting that factors such as fuel prices and inflation might still influence future trends.
For M M Forgings, the share of revenue from the US had previously decreased but is now anticipated to rebound towards historical figures. However, as the overall business grows, the percentage contribution may not entirely mirror the volume recovery.
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