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India Inc weighs options
Business Standard
|April 04, 2025
Mulling plans to focus more on domestic mkt
With US President Donald Trump imposing steep reciprocal tariffs on multiple countries, worried India Inc leaders say they are turning their attention inward, seeking fresh investment opportunities in domestic markets.
India Inc executives said they are evaluating the impact on their businesses and the broader Indian economy, as well as the implications for their investments amid growing global uncertainty.
"Reciprocal duty will likely have a significant impact on US consumers' purchasing power, and we will need to wait for some time to fully understand its effect on the US and global economies," said Amit Agarwal, group chief financial officer of Raymond, which exports textiles and auto components to the US.
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