India, April 3 -- The Indian manufacturing ecosystem needs a big push to weather the US tariff storm, according to Accel partner Prashanth Prakash.
"The biggest push has to come in manufacturing and this is abundantly clear given the current geopolitical situation," Prakash said at the Startup Mahakumbh 2025 event today.
The comments came against the backdrop of US President Donald Trump slapping a 26% reciprocal tariff on imports from India. The move has stoked fears of a market downturn, higher inflation and slower growth in the US and the rest of the world, including India.
The US has smacked all trading partners with reciprocal tariffs. The Trump administration has announced two sets of tariffs. First, a base tariff of 10% against ...
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