India will face over USD 14.6 bn in additional duties, if US imposes 20 per cent tariff: BCG Report

India's trade is set to grow by 6.4% annually, reaching USD 1.8 trillion by 2033, driven by its potential as a global manufacturing hub. ASEAN's trade is also expected to rise by 3.7% annually. The report highlights the impact of US tariffs on global trade dynamics and the increased focus on the Global South.