"Given, India's price competitiveness and supportive government policies, we expect GDP to see only a 0.1 per cent impact," said PHDCCI in a statement.
Amid the rising concerns over global trade due to Trump's tariff policy, Rosa Balfour, Director at Carnegie Europe, said that something must be done to protect the international trading system.
Senior research fellow Shruti Rajagopalan welcomed America's decision to pause the trade tariffs for a window of 90 days and expressed her views on the global trade order. She also spoke about the steps Indian policymakers can adopt to make exports more competitive. Rajagopalan made the r
As the US and China engage in a tariff war, Tanvi Madan, Senior Fellow at the Brookings Institution, said on the sidelines of the Carnegie Global Tech Summit that India is going to be carefully watching these developments. She also spoke about the increasing Indo-US partnership across areas
Speaking about how various global groupings will step up to meet the challenges arising from the US trade tariffs, Carnegie Europe Director Rosa Balfour said that countries and large blocs are coming together to ensure they have a "web of relationships" that can preserve global trade.
Habil Khorakiwala, Chairman of pharma company Wockhardt on Friday indicated that any imposition of tariffs on pharma products by the US administration would be counterproductive for the Americans.
Dr Huzaifa Khorakiwala, Executive Director of Wockhardt Limited, on Saturday said that the fall of US reciprocal tariffs on Indian pharmaceutical products will pose a significant challenge to the industry.
He expressed happiness over US President Donald Trump's decision to enforce a 90-day pause on wide-ranging tariffs and lower the reciprocal tariff on India and other countries that have initiated trade talks with the United States during this period to 10 per cent.
"This (US tariff) brings opportunity for the relationship between our two countries. The bilateral relationship should take advantage...," the UAE politician told ANI in Dubai.
Senior BJP leader and Member of Parliament Zafar Islam highlighted India's robust economic growth, attributing it to the transformative policies implemented since 2014.
Noting that India has correctly assessed US President Donald Trump's objective of imposing tariffs and is attempting to address those concerns, a top geopolitics expert said on Saturday that New Delhi is willing to drastically reduce tariffs in the hope that there will be some reciprocal