How Will Trump’s Tariffs Affect Various Sectors In India? PHDCCI President Hemant Jain Decodes
Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI), believes that U.S. President Donald Trump’s tariff policies could destabilize global trade and harm American consumers and equity markets in the short term. While this approach may lead to a recessionary trend for the U.S., he sees an opportunity for India. With a 26% tariff, certain Indian industries could benefit as sourcing shifts from China. India’s favorable growth environment and stable inflation make it an attractive destination for investment, positioning Indian businesses to thrive despite global uncertainties.
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