As the Indian stock market grapples with the repercussions of Trump's tariffs, experts warn of a potential 10% decline in the Nifty 50. With rising inflation and a slowing economy, the implications for India's GDP and corporate earnings are dire.

India’s market is now trailing China’s by $6.3 trillion — the widest gap since March — as the MSCI India Index lags its Chinese counterpart by 10 percentage points this quarter.