Indian stock market, Aug. 10 -- The threat of steep tariffs imposed by US President Donald Trump on Indian imports cannot be overlooked. The 50 per cent tariff on India is higher than that on several of its export rivals-20 per cent for Bangladesh and Vietnam, and 30 per cent for China.

Despite assessments that Trump's tariffs will have a manageable impact on the Indian economy and hopes that India will be able to strike a deal with the US in the near future, the fact is that exports from sectors such as gems and jewellery, textiles, and certain food items have come to a grinding halt.

The Indian stock market is still uncertain, trying to discount the impact of tariffs. However, more than the tariff itself, the biggest risk for the mark...