``Export to US is about 88 billion dollars`` PHDCCI official breaks down Donald Trump`s tariff threat
Dr. Ranjeet Mehta, CEO & Secretary General of PHDCCI, expressed concern over the US imposing an additional 25% tariff on India but emphasized that the overall impact on the Indian economy is minimal. He said “ The US has imposed an additional 25% tariff on India. We are definitely concerned about it and quite disappointed. However, its impact on the overall Indian economy is very negligible. Today, PHDCCI has released a report in which the 25% tariff imposed earlier was analysed, and our export to the US in 2024-25 is about 88 billion dollars. So if we look at the impact of this tariff, we have analysed an impact of about 1.87%, which is about 8.11 billion dollars. But if we look at the impact of this 25% on the overall economy, it is 0.19 per cent. The additional 25% may have an impact of about 0.38 % on the overall economy... In the long term, our economy is definitely very resilient and robust for such external shocks and the leverage we have to do is to the demographic dividend and the Indian economy has the opportunity to diversify in many other economies of the world..."
