US tariff impact: India Inc against knee-jerk reaction, seeks new markets

Industry leaders urge India to pursue diplomatic talks with the US, strengthen manufacturing, and consider China ties to gain leverage against tariff pressures

India Inc is calling for measured diplomacy, rather than any posturing, as the country navigates US President Donald Trump’s looming 25 per cent tariff on Indian exports.

 

At the same time, business leaders stress the need to strengthen domestic manufacturing and explore new markets, even as they continue talks to head off the proposed tariff. Drawing parallels with the liberalisation that followed India's foreign exchange crisis more than three decades ago, Mahindra asked whether the current “global manthan” over tariffs could yield some “amrit” for the country.

 

In a detailed reflection shared on social media, Mahindra said India has radically improved