US tariffs to impact $8.1 bn of Indian exports, overall economic effect manageable: PHDCCI
New Delhi [India] August 6 (ANI): The US reciprocal tariffs will affect approximately USD 8.1 billion worth of India exports to the US, while the overall impact on India economy remains manageable, said an analysis by the Industry body PHDCCI.
Analysis indicates that there will be an estimated impact of only 1.87 per cent on India total global merchandise exports and a negligible 0.19 per cent on India GDP as a result of the 25 per cent tariff announced by the US on India.