Yuan devaluation sends shockwaves through Indian economy: Winners and losers emerge.
Yuan devaluation in China has a big impact on India's economy. It caused the Indian stock market to drop significantly in just one day. Devaluation can help with managing deficits and inflation, lowering prices for gold and electronics, but it may hurt exports, cause rupee fluctuations, increase automobile prices, and lead to more Chinese goods flooding the Indian market.