Blow for exporters! How will Donald Trump’s tariffs hit India Inc? Check sector & company-wise list
The tariff has increased sharply from 12% to 62%, expected to severely impact exporters such as Shahi Exports, Richa Global Exports, and Eastman Exports Global Clothing. Production is concentrated in Delhi NCR, Tiruppur, Bengaluru, and Ludhiana. With Indian garments effectively priced out of the US market, sourcing is expected to shift to Bangladesh, Vietnam, and China, making the outlook for this sector negative. In FY 2024–25, India exported garments worth $3.4 billion. (Photo credit: AI image)
