Trump reciprocal tariff: Which Indian sectors will be impacted from April 2

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Trump reciprocal tariff: Which Indian sectors will be impacted from April 2 - Business Standard

Quick Summary:

Over 50 per cent of India’s electronics exports to the US consist of Apple iPhones assembled in India.

According to a report by CNBC-TV18, the pharma is most likely to be take a hit by Trump tariffs, in terms of exposure to the US generics market, are: Gland Pharma, Aurobindo, Aurobindo, Zydus Life, Lupin, Cipla, Sun Pharma, and Torrent Pharma, respectively.

While India’s auto exports to the US, consisting of accessories and parts valued at $2.6 billion in 2023, are significant, analysts believe the sector is relatively insulated due to the nature of trade between the two nations.