New Delhi, Sept. 8 -- It is not an easy time to head a business in India-whether of local vintage or multinational. As the global economic and business order takes a tumble, with the US hitting friends and foes alike with its trademark tariff weapon, chaos and uncertainty have spread across the global economy. Businesses have taken a hit-not just from immediate tariff impositions but also from negative sentiments around an uncertain business and investment environment.

The US tariffs of 50% on Indian exports particularly hit sectors such as textiles and apparel, and gems and jewellery. Auto components, too, face pressures given their reliance on exports to the US and Europe. Renewable energy firms, meanwhile, are less directly affected b...