New Delhi, Aug. 27 -- A tariff has been imposed on approximately $45 billion of Indian exports. Sectors such as textiles and gems and jewelry, which rely heavily on labor, are expected to experience moderate challenges. However, sectors like pharmaceuticals, smartphones, and steel are largely protected due to exemptions, pre-existing tariff frameworks, and robust domestic demand, according to Dr. Soumya Kanti Ghosh from SBI research.

In response to the Executive Order 14329 issued by the US President on August 6, 2025, the US announced the tariffs applicable to products from India that are imported for consumption or taken from warehouses for consumption starting on August 27, 2025.

Following the announcement, Indian stock markets dropp...