New Delhi, Jan. 9 -- Tariff headwinds are rising after the United States (US) proposed to impose duties of up to 500% on certain Indian goods, but India's growth outlook remains steady, supported by strong domestic demand, investment momentum and resilient manufacturing, PHD Chamber of Commerce and Industry (PHDCCI) Chief Executive Officer (CEO) and Secretary General Ranjeet Mehta told ANI on Friday.

"With the proposed tariff of around 500%, doing business with the US is out of the question right now. It will very badly affect exporters in textiles, engineering goods, pharmaceuticals, toys, and gems and jewellery," Mehta told ANI in an exclusive interview in the national capital.

He described the development as part of a broader trend o...