Crisil Report: 25 percent US tariff to hurt Indian exports

A new report by Crisil Ratings, an Indian ratings agency, warns that a new 25 percent tariff on Indian imports to the U.S. could significantly hurt key export sectors. The tariff, which goes into effect on August 27, 2025, is set to make exports from industries like home textiles, carpets, and readymade garments commercially unviable. The report highlights that the tariff's impact will depend on each sector's reliance on the U.S. market, their ability to pass on costs to consumers, and their competitive position against other countries.