New Delhi, Aug. 6 -- India's trade resilience remains strong despite the 25% tariff imposed by US President Donald Trump on Indian goods, with the country's broader export base and strong domestic fundamentals helping buffer the shock, industry body PHD Chamber of Commerce and Industry (PHDCCI) said.

A white paper released by the industry body estimates that while the tariff will affect around $8.1 billion worth of exports to the US, the overall impact on India's economy is expected to be limited, with a projected GDP hit of just 0.19%.

"Our analysis indicates that there will be an estimated impact of only 1.87% on India's total global merchandise exports and a negligible 0.19% on India's GDP," said Hemant Jain, president of PHDCCI. He ...