New Delhi, Aug. 20 -- Micro, small and medium enterprises (MSMEs) in sectors such as textiles, diamonds and chemicals, which together account for nearly 45 per cent of India's total exports, are likely to be the most affected by the imposition of higher tariffs by the United States, according to a report by Crisil Intelligence.

The US currently levies an ad valorem duty of 25 per cent on Indian goods, but has announced an additional 25 per cent tariff that will take effect from August 27, raising the total duty to 50 per cent.

The report noted that this increase will significantly affect Indian exporters, especially MSMEs, which dominate key export sectors.

The textiles, gems and jewellery, and seafood industries, which together make u...