New Delhi, Feb. 22 -- Samir Arora, Founder of Helios Capital Management, said that a 15 per cent tariff "is nothing wrong as far as India is concerned," arguing that the revised rate largely normalises trade conditions rather than worsening them.

"Nothing wrong with 15% as far as India is concerned. India would have been happy to have a signed deal at 18% and for now it is 15%," he said in a social media post on X.

"There were more than 90 countries which had a 10% tariff and I guess they will all be at 15% for now. Some of them are Australia, UK, Singapore, UAE who had 10% tariff before and will now be at 15%," he added.

Commenting on other major economies, Arora said Europe, Japan and South Korea are "back to where they were." On Ind...