business ๐ India Inc ready for tariff hits, but not forever
CII president Ramakrishnan Mukundan stated that US tariffs on Indian goods cannot be a permanent trade feature. This comes as the US considers secondary tariffs up to 100% on countries buying Russian oil, impacting India. Indian goods bought $103.8 billion in 2025, with tariffs fluctuating sharply since April 2025. Mukundan stressed the need for sustained government engagement to restore stability in this massive export market. Moving forward, industry needs to build resilience by diversifying supply chains and forging global tech partnerships. ๐ค