0.1% impact on India’s GDP, says PHDCCI

New Delhi: The PHD Chamber of Commerce and Industry (PHDCCI) on Thursday said that owing to India’s price competitiveness and supportive government policies, it expects GDP to see only a marginal 0.1 per cent impact amid the recently announced US reciprocal tariffs.

Strong domestic manufacturing, continued government handholding by strategic policy measures including production-linked incentive (PLI) schemes, ‘Make in India’ and ‘Atmanirbhar Bharat’, among others, will support India’s growth resilience, PHDCCI President Hemant Jain said.