India's 'Plan B': Reforms & Diversification Counter US Tariffs, Boost Growth

• India implements "Plan B" with reforms and diversification due to US trade deal uncertainty and tariffs.
• Key reforms include opening nuclear sector, 100% FDI in insurance, consolidating securities laws, tax cuts, and labor reforms.
• Accelerated trade talks with EU, Oman, and UK aim to diversify trade partners and mitigate tariff impact.
• Reforms seek to attract billions in investment, pressure the US, and bolster PM Modi's ambition for a developed India.
• Nomura economists project 6.9% growth by 2026, despite rupee's record low and tariff challenges.

Why It Matters: India implements bold reforms and diversifies trade to counter US tariffs and ensure economic growth.