3,00,000 posts at risk? According to experts, these sectors are likely to be affected by Trump tariffs on India

There is concern among experts that increased tariffs announced by President Donald Trump over Indian imports to the United States will have a negative impact on the work in the sectors concerned. According to RP Yadav, founder and CMD of Workforce Solutions and HR services provider Genius Hrtech, the US tariffs are expected to significantly affect the employment landscape in India, which is very dependent on the US market for growth and continuity. Which sectors will be hit hardest? Sectors such as agriculture, car components, jewelery and jewelry and textiles are likely to be one of the worst, reports Pti quoting Yadav. He added that even within these sectors it is the micro, small and medium businesses (MSMEs) that will carry the bulk. How much work is on the chopping block? Yadav estimates that between 2,00,000 and 3,00,000 posts are immediately at risk. Furthermore, the labor -intensive textile industry can only lose 1,00,000 jobs, if the tariff regime continues beyond the next six months, he added. He added that in the jewel and jewelry sector, including units in Surat and soapz in Mumbai, “thousands of jobs are at risk due to a reduced demand and cost -escalation in the US market”, he added. US rates Impact: Is the situation so bad? However, not everyone agrees. Balasubramanic Anantha Narayanan, senior VP at Teamlease Services, believes that India, unlike China, is largely a domestic consumer -driven economy. Thus, any impact of the US rates would not affect work. “At this time, we see no signs of a slowdown or loss of jobs. It also means that our work is also largely in the service of domestic demand, with the exception of some sectors such as, among other things,” Narayanan said. He added: “Our exports to the US is $ 87 billion, which is about 2.2 percent of our total GDP. Largely pharmaceutical, electronics, etc. will not be affected now, further limiting exposure to industries such as textiles, jewelery and jewelry.” Furthermore, Narayanan noted that the full 50 percent tariff increase will come into effect later this month on August 27, and it is possible that some negotiations may take place. He added that positive aspects of the recently announced Free Trade Agreement (FTA) may make room for the redirection of Indian goods with the UK and other countries, rather than a complete conclusion of exports. ‘Even if these US rates do arise, we will definitely find a way to redirect or diversify our trade to other markets. Therefore, at this time, we see no signs of a slowdown or loss of work. It is a developing situation and we will get to know more over time, ‘he feels. Aditya Mishra, managing director and CEO of Ciel HR, also feels that although the US tariff scenario is disturbing to Indian exporters, especially those in the car components, electronics, engineering goods, shoes, gemstones and jewelry, leather, shrimp and textiles, widespread discharge. “Companies are already in the cost-battling mode, which reduces the discretionary spending, the streamline of production and freezing rent. The immediate pressure will be on temporary and contract roles, especially workers of the shop floor, artisans, sales and logistics staff, and some middle-level managers in the executive units. (With input from PTI)