India’s strong domestic demand to cushion impact of US tariff hike

IANS | August 22, 2025 1:26 PM

New Delhi, Aug 22 (IANS) The US tariff hike of 50 per cent would hit Indian corporates unevenly, with the labour-intensive textiles and gems and jewellery segment expected to see only a moderate impact while pharmaceuticals, smartphones and steel are currently relatively insulated because of exemptions, existing tariffs and strong domestic demand, according to a report on Friday.