India, April 3 -- US President Donald Trump's sweeping reciprocal tariffs, announced on April 2 under what he termed 'Liberation Day', have sent ripples through global markets, with India among the affected countries. Trump's tariff measures include a 27% reciprocal tariff on Indian imports - half the rate the US claims India imposes on American goods. Additionally, a 25% tariff has been levied on auto imports, further complicating trade relations.

Despite lingering concerns, Indian analysts believe the impact on the country's economy will be manageable. According to Hemant Jain, president of the PHD Chamber of Commerce and Industry (PHDCCI), India's 'price competitiveness' and 'supportive government policies' will help absorb the tariff...