India Faces Hidden Economic Challenges in Taiwan's Struggle
A Bloomberg report warns that any military conflict in Taiwan, which produces most of the advanced semiconductors, could cause widespread disruptions to global trade and supply chains, potentially costing the global economy around $10 trillion and leading to a 6.8% decrease in Indian economic growth during the first year of the conflict. Indian exports, which account for 2.6% of its GDP—particularly in the textiles and consumer goods sectors—would also be affected, along with industries reliant on rare metals.
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