Understanding Trump’s Tariffs and Their Impact on the Indian Economy with Former PHDCCI President Saket Dalmia

Saket Dalmia, former President of the PHD Chamber of Commerce and Industry (PHDCCI), believes that U.S. President Donald Trump’s tariff strategy could disrupt global trade and negatively impact American consumers and stock markets in the near future. Although this could push the U.S. economy toward a recession, Dalmia sees potential gains for India. With tariffs at 26%, some Indian industries may benefit as global sourcing moves away from China. Given India’s stable inflation and strong growth prospects, the country becomes an appealing investment hub, offering Indian businesses a chance to flourish amid global economic uncertainty.