Home Economy US tariffs: Manufacturing & labour-intensive sectors to bear brunt, say experts
Economy - August 6, 2025

US tariffs: Manufacturing & labour-intensive sectors to bear brunt, say experts

US tariffs: Manufacturing & labour-intensive sectors to bear brunt, say experts

US tariffs on India, potentially reaching 50%, pose a significant threat to labor-intensive sectors like gems, textiles, and leather, potentially impacting hiring. Experts warn of a possible drag on India's FY26 GDP growth, potentially falling below 6%. The increased tariffs are also expected to exert downward pressure on the rupee.

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