Industry bodies and experts see the new 50% U.S. tariffs not just as a challenge but also as an opportunity for India to strengthen its role as a “resilient and future-ready trading partner”. The ASSOCHAM Secretary General, Manish Singhal, believes that India’s strong services sector, large domestic market, and ongoing reforms provide a solid foundation to withstand the storm and continue moving forward.
Similarly, FICCI President Harsha Vardhan Agarwal states that the Indian economy is demonstrating its resilience and strength amidst global headwinds. The article highlights the government’s ongoing tax and business reforms as measures that will enhance competitiveness and reduce costs, positioning India to seize opportunities in new global markets.