New Delhi, Aug. 13 -- Following the imposition of a 25 percent levy by the US on Indian goods-linked to India's Russian oil purchases-the United States is no longer considered a valuable export market for India Inc., according to a Crisil report.

What Crisil is flagging

Economic Times reported, citing CRISIL, that the earnings in diamond polishing, shrimp, home textiles and carpets face the sharpest pressure.

The eventual hit will vary by each sector's exposure, the scope to pass on incremental costs to customers and the relative tariff disadvantage versus competing nations.

Second-order shocks and what to watch

Crisil cautioned that a potential second-order impact-such as a slowdown in US demand and disparate tariffs across countrie...