New Delhi, April 2 -- While investors globally are concerned over the US President Donald Trump's upcoming announcement of reciprocal tariffs on April 2, which he has dubbed as "Liberation Day", Samir Arora, founder and fund manager of Helios Capital, has shed light on a critical concern for Indian markets - one that goes beyond direct US tariffs on India.

Arora argues that the bigger risk to India is not trade restrictions imposed by the US but rather the overall health of the US economy and stock markets. If the US falters due to its own trade policies, the impact could be severe for global markets, including India.

"I think the biggest risk to Indian market is not tariffs applied to India but what happens to the US market and economy...