India is growing strong, but slowing down sequentially: Gustavo Medeiros

Ashmore Group, a UK-based investment manager, is allocating lesser capital to India in the short term citing rich valuations and uncertainty around Donald Trump's tariffs on Indian imports into the US. In an interview with Himadri Buch, the firm's head of research, Gustavo Medeiros spoke about what's in store for investors among other issues:What's your assessment of Donald Trump's 50% tariffs on India?That's Trump. He's trying to drive a hard bargain. He sees the world as a zero-sum game. So, I wouldn't be surprised. But again, anything about 50% doesn't make a big difference, because you already kind of killed most of the trade that is actually sensible.So, if it's 75 instead of 50, it will not make a significant difference, honestly. There are some sectors, such as generics, where neigh

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