
Article reveals [1] US is the largest buyer $ 86.5 — accounting for 19.5% of our total exports [2] Earlier tariff was just around 3% [3] Exports to US were 2.2% of GDP in 2025 [4] GDP will take a hit of 30 to 40 basis points in our GDP [5] 50% tariff will reduce exports to USA by about 50% [6] sectors being hit — textiles and apparels- chemicals- electrical machinery- gems and jewellery [7] and if at all India is forced to stop buying oil from Russia, then Reliance will take a hit and due to enhanced cost of oil– sourced from Russian markets–margins of listed companies will get a hit– Courtesy BusinessLine
