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Below the Quote on Trump`s additional tariffs on India by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings

“President Donald Trump has imposed additional tariffs on India to the extent of 25%, taking the total tariff level to 50%. This will severely hit sectors such as drugs and pharmaceuticals, textiles, electricals and electronics, gems and jewellery. So, this is certainly a reason for us in India to be concerned, but no reason for us to be alarmed. It is essential to remember that India, unlike China, is largely a domestically driven economy...We have weathered many storms in the past, like the global financial crisis of October 2008 or even the COVID-19 pandemic. So we are confident this will cause some hits but will be able to weather this shock confidently”.

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