StartupTalky

Tag: tariffs

  • Jio Confirms No Immediate Tariff Hike, Users to Enjoy Current Plans

    The biggest telecom provider in India by market share, Jio Infocomm Ltd., has no imminent plans to raise mobile phone rates, defying market predictions. Instead, it wants to increase revenue by encouraging users to use more data. Contrary to market predictions, Reliance Jio Infocomm Ltd, the largest telecom provider in India by market share, has no imminent plans to raise mobile phone rates. Instead, it intends to enhance income by encouraging users to use more data.

    In order to boost their average revenue per user (or ARPU, a crucial performance indicator for telecom operators), Jio and its closest rival, Bharti Airtel Ltd., recently scrapped their entry-level plans. The decision raised expectations that the telecom operators would raise tariffs by the end of the year or the beginning of 2026.

    Jio’s Monthly ARPU Rose to 1.2%

    Jio claims that its monthly average income per subscriber increased 1.2% to INR 211.4 in the September quarter from INR 208.8 at the end of June, with growth slowing as a result of promotional 5G deals. Analysts had predicted that Jio would increase tariffs and concentrate on premium services after removing its entry-level pack in order to catch up to Bharti Airtel, which leads the sector in ARPU (INR 250 at the end of June).

    Airtel has not yet released its earnings for the September quarter. In an earnings call with investors, Reliance Jio Infocomm’s head of strategy, Anshuman Thakur, said the company is encouraging customers to spend more and be happy to pay more, but it has no imminent plans to raise tariffs.

    Jio Added 8.3 Million Subscribers in September

    Jio Net now has 506.4 million mobile subscribers after adding 8.3 million during the September quarter. Jio had 234 million 5G users at the end of September, compared to 213 million during the previous quarter in June. Fifty percent of Jio’s wireless traffic now comes from 5G.

    After more than two years, telecom companies finally hiked tariffs in July 2024, with Reliance Jio leading the way with a 12–25% pricing increase. However, Jio has not publicly discussed raising rates, despite Airtel and Vodafone Idea Ltd. being outspoken about the necessity of doing so in order to boost the return on capital employed (RoCE), a metric used to assess profitability and efficiency.

    Earlier this month, Gopal Vittal, the managing director and vice chairman of Bharti Airtel, stated at an industry gathering that the company is using the lowest ARPUs and the lowest charge per gigabyte. But it must turn a profit. Actually, Vittal has previously demanded that the telecom price structure be changed in order to charge for more data and reduce the data allotment on certain telecom packs.

    Quick Shots

    •Reliance
    Jio Infocomm Ltd. has no immediate plans to raise mobile phone tariffs
    despite market expectations.

    •The
    company aims to boost revenue by encouraging higher data consumption among
    users.

    •ARPU
    growth slowed due to promotional 5G offers.

    •Jio’s
    5G users reached 234 million, accounting for 50% of total wireless traffic.

  • Apple to Boost iPhone 17 Manufacturing in India to Strengthen Local Production

    According to reports, Cupertino-based tech giant Apple intends to increase manufacturing of its iPhone 17 at all five of its Indian factories, including the two that were just added.

    According to a Bloomberg story, the business is expanding its iPhone production in India in an effort to reduce its reliance on China and diversify its manufacturing supply chain.

    All four of the iPhone 17 variants would be manufactured in India, according to the Bloomberg report, with production being expanded at Foxconn’s locations close to the Bengaluru airport as well as Tata Electronics’ facilities in Hosur and Tamil Nadu.

    Why Apple is Reducing Reliance on China?

    Apple made the decision to outsource the majority of iPhone production from China in late April of this year. Additionally, the corporation made the decision to move all iPhone assembly from the US to India by 2026. China’s hostility against the US earlier this year, when it raised its tariffs on US goods, prompted the decision.

    China reacted with a 125% tax on the US during the trade war after the US imposed 145% tariffs on China. Following this, Apple began removing China from its supply chain for iPhone manufacturing in order to safeguard itself from geopolitical unrest. Last year, Apple began producing the iPhone 15 in India, producing between 30 and 40 million handsets a year. Up until this year, Tata Electronics, Foxconn, and Pegatron, Apple’s contract manufacturers, accounted for 25% of the company’s manufacturing in India.

    Challenges in Shifting Production

    Although the company has worked relentlessly to move its manufacturing out of China, they have not had an easy time of it. When Apple decided to move its manufacturing base outside of China, it encountered challenges.

    For example, in April, Chinese officials prohibited one of Apple’s suppliers from exporting equipment to India, which was necessary for testing the iPhone 17’s trial manufacturing there. A few months later, however, Foxconn brought back 300 Chinese engineers who were thought to be crucial to the new iPhone 17’s testing in India.

    Apple’s Growth and Performance in India

    During the April-June earnings call, Apple CEO Tim Cook stated that the company has had double-digit growth in India across its sales of iPhones, Macs, and services, in addition to increasing its manufacturing in the area.

    In addition, it intends to open four new locations later this year in Bengaluru, Mumbai, Pune, and Noida in order to increase its retail presence in the area.

    The iPhone 16 family was a major factor in Apple’s 13.4% revenue increase from worldwide iPhone sales to $44.6 billion in the June quarter. In addition, the business’s total sales for the quarter increased by 10% to $94 billion.

    Quick
    Shots

    •Manufacturing across all five Indian
    plants, including new units.

    •Foxconn’s Bengaluru hub & Tata
    Electronics’ Hosur, Tamil Nadu plants to lead production.

    •Decision driven by US-China trade war
    tariffs (145% by US, 125% by China).

    •Apple reducing dependence on China to
    secure supply chain.

  • Trump’s Tariff Bomb: 50% on Copper, 200% on Pharma — What It Means for India

    On July 9, US President Donald Trump declared a 50% duty on copper imports into the US. Additionally, Trump has threatened to levy 200% tariffs on pharmaceutical imports after a year.

    Trump’s action may have an effect on other economies, such as India, which exports these vital commodities to other nations, even if his goal was to increase the US’s production and manufacturing of these goods.

    One of the biggest manufacturers of generic medications and a newcomer to the copper-based product manufacturing industry, India exports pharmaceutical products to western countries like the US.

    Even though India and the US are nearing the end of their bilateral trade talks, the tariffs on pharmaceuticals and copper are predicted to cause disruptions in the industrial supply chains, where India wants to take the lead.

    Tariffs Placed After National Security Assessment –Trump

    After conducting a comprehensive national security analysis, the US president announced a 50% tariff on copper imports that would take effect on August 1. According to Trump’s post on Truth Social, the Department of Defence uses copper the second most.

    He went on to say that the metal is utilised in important fields, including semiconductors, aeroplanes, and ammunition, which includes missile defence systems and hypersonic weaponry.

    Trump threatened to impose a 200% tax rate on pharmaceutical imports into the US during a meeting of the US Cabinet earlier this week.

    He stated that taxes would be applied gradually. “There are going to be tariffs at a very high rate, like 200%,” he remarked. “We’ll give them a specific amount of time to sort things out. “I’ll give them a year or a year and a half,” Trump added. The statements are just one more step in Trump’s protectionist agenda, which is spreading to other industries and areas.

    Copper Tariff to Impact India

    According to a media report, India’s global copper and copper product exports in the fiscal year 2024–2025 totalled around $2 billion, of which $360 million, or about 17%, came from the US. India is the third-largest market for US copper exports, behind China and Saudi Arabia.

    Global supply networks are predicted to be disrupted if Trump’s administration increases its own copper mining and begins to hoard the metal, which might raise prices and manufacturing costs in India. Industry executives, however, contend that since India lacks copper, the impact of such a policy would be minimal.

    According to a news agency, India imported one million tonnes of copper concentrate in 2023, with a sizable amount of these imports originating from a small number of nations, including Indonesia, Chile, and Peru.

  • China’s Manufacturing Falters Under Weight of Trump-Era Tariffs

    China’s manufacturing sector saw its most rapid decline in over a year, with the April Purchasing Managers’ Index (PMI) falling to 49.0, its lowest level since December 2023. This marked contraction, indicated by a reading below 50, occurs against the backdrop of the export-driven parts of the economy being pushed hard, and not in a good way, by the US tariffs. But the PMI decline also reflects many of the other problems impacting Beijing’s industrial base.

    The sharp downturn stems from external shocks, especially changes in the global trade environment. Across the country, manufacturers have been reporting a twin surge of order cancellations and production-line halts, especially those tied to exports bound for the United States. With demand rapidly evaporating, the pressure is now on policymakers to come up with some serious new policy measures.

    Tariffs Deal a Major Blow to Exporters

    The harm done by US President Donald Trump’s 145% tariffs has been fast and clear. Issued as part of a fresh trade offensive, these duties have thrown many Chinese exporters into disarray. A separate measure of new export orders dropped to 44.7 in April, a level not seen since late 2022, when the country was still wrestling with recovery from pandemic disruptions.

    Exporters are currently not engaging in production and shipment activities. This is due to the uncertainty surrounding tariffs. Exporters are already scaling back, and that’s having a notable effect at just the wrong moment for the Chinese government. The trade measures are hitting real economic activity right now, and the industrial sector is already feeling the heat.

    Beijing Eyes Targeted Stimulus Measures

    Even though the officials have kept from launching big stimulus packages, Beijing is steadily moving in the direction of issuing targeted initiatives to help the hard-hit sectors. They’re doing this by making it less troublesome for affected businesses to obtain the financing they need and by taking steps to coax consumers back into the marketplace. It’s likely that these efforts will, in turn, lead to the issuance of more proposals, both fiscal and monetary, that are aimed at lifting the economy.

    Zhao Chenxin, vice chairman of the National Development and Reforms Commission of China, indicated that the government has plenty of policy instruments at its disposal to tackle the current problems. He signaled that the government will speed up the implementation of already approved programs and seemed to commit to that effort. But the absence of any broad-sweeping, across-the-board stimulus seems to suggest a more cautious approach. This reflects a concern for overall financial stability and a wish not to upset the international trade situation any further than it already has been.

    The tariff confrontation between Washington and Beijing has moved beyond the economic realm. Wang Yi, China’s foreign minister, dismissed talk of a negotiations, saying that yielding to U.S. pressure would just encourage more of it in the future. Chinese media has been having a field day with his and other officials’ remarks. The message: China is not going to back down.

  • US Economy Shrinks 0.3% as Tariff Uncertainty Clouds Outlook

    The US economy saw a contraction of 0.3% in the first quarter of 2025. This largely unexpected drop in the economy underscores the growing influence of trade uncertainty on the behavior of businesses and on our wider economy. It’s driven primarily by businesses importing more goods in a rush to beat coming tariff increases. Most economists expect things to get worse before they get better.

    US President Donald Trump was quick to dismiss any connection between the falloff and his tariff strategy. But economists see the deluge of imports as a beauteous sign of front-loading, that is, sending goods ahead of schedule to avoid tariffs. If this is what companies are doing, it is creating a supply-demand mismatch. And because front-loading is a negative indicator, it isn’t leading to consumption but to a distortion of output figures and in-growth figures.

    White House Deflects Blame as Markets Waver

    In a statement released Wednesday, President Trump placed the blame on his predecessor, claiming that the current economy lacked any momentum and that whatever energy was there had been inherited from the previous administration. He said, pointedly, that the tariffs were not to blame for the current slowdown and advised Americans to hang tight until the situation resolves itself.

    Still, market analysts are not convinced. Peter Cardillo, Chief Market Economist at Spartan Capital Securities, pointed out that the erratic nature of present trade policies has induced a climate of business hesitation. Corporations aren’t investing and expanding because they are uncertain about tariffs and what further trade policy changes might mean for their businesses, especially in this “earnings season,” when firms are revising their forecasts downwards and are somewhat more tight-lipped than usual.

    Wall Street Sways with Mixed Signals

    The downturn in GDP exacerbated an already unstable trading session. All three increasingly major U.S. indices closed deeper in the red, with the Dow plummeting (over) 460 points, and the Nasdaq taking nearly a 2% nosedive. Investor reactions could be something of a head fake, particularly in the tech sector, said Jay Hatfield, founder and chief investment officer of InfraCap. He pointed out that mega cap tech and AI companies are set to report earnings shortly, and those announcements could very well negate the losses we saw today. He characterized today’s selloff as “irrational” in light of the kinds of earnings reports we might be seeing in the near future.

    The worldwide stock market reflected the nervousness, with European shares pulling back and emerging stock markets only modestly advancing. The MSCI All Country World Index next dipped almost 1% as international investors continued to hedge their bets and currency markets remained on edge. The safe-haven U.S. dollar held firm against the backdrop of a mixed bag of not-so-good domestic economic data and global concerns.

    When the impact of trade policy on growth is assessed by those in charge, the calls for an economic environment that’s more predictable are likely to increase. At this very moment, businesses and investors are preparing themselves for continued volatility, in both the data and the markets.

  • IMF Warns of Slowing Global Growth Amid Trump Tariffs and Policy Uncertainty

    The International Monetary Fund (IMF) has cut its global growth forecasts. It now sees a distinctly threatened world economy as a result of U.S. President Donald Trump’s recent trade policy decisions and the uncertainty they are creating around the globe. In its latest World Economic Outlook published in April 2025, the IMF projected that world growth would be 2.8% in 2025, down 0.5 percentage points from the same organization’s estimate made just three months earlier. The growth forecast for 2026 has also been lowered a bit, now set at 3.0%.

    This downward revision follows a broad tariff policy introduced by the United States on April 2, which effectively slaps universal duties on imports. In the wake of this, the global financial world has grown even more anxious, with not a few policymakers and analysts now fretting over the apparent disintegration of the post-World War II economic order.

    India’s Resilience Tested but Growth Outlook Dips

    India is still on track for relatively notable growth compared to other countries, but it was not immune to the IMF’s latest round of downgrades. The country’s gross domestic product growth is now projected at 6.2% for the fiscal year that ends in March 2026, which is down by 0.3 percentage points from where the IMF had previously pegged it in January. And the IMF sees this moderation basically flowing from two areas: trade disruptions and overarching global uncertainty.

    As India moves forward, it is expected that the growth rate will nudge up slightly to 6.3% in the next fiscal year. Also, inflation is likely to remain in comfortable territory, with the Consumer Price Index projected to be up 4.2% in FY26 and 4.1% in FY27. These are the sort of stable fundamentals that should underpin investor confidence. But even so, the unfolding global situation may continue to exert some pressure on India’s external sector.

    Global Economic Risks Climb Sharply

    The IMF has some alarming news: the chances of a global downturn are rising. The Fund isn’t formally calling for a recession, but it’s now estimating a 30% chance that the world will experience something similar in 2025. That’s nearly double the 17% risk it assessed earlier this year. What seems to be driving this increase is a combination of the sheer size of the policy shifts and how uncertain we’re all now feeling about what will happen next.

    The IMF stressed that although growth is still above levels that would ordinarily result in a recession, the current path we’re on is fraught with risks. Inflation, which had seemed to be heading decisively downward, is now being marked up, and across the world, the process of getting inflation to settle down in a more normal range seems to be stalling.

    Tariffs Trigger Retaliation and Broader Disruptions

    The trade conflict has already pushed retaliation to a blistering pace. China, contending with U.S. tariffs that are hitting some goods at levels as high as 245%, has struck back, levying its own steep counter-tariffs that hit 125% on a number of American goods. And it’s not just China that’s getting squeezed; other parts of the world, including the Euro area, are caught in the crossfire. Multiple European companies are watching their business hit walls that are only going to get higher as trade relations deteriorate.

    The IMF is cautioning that the recalibration of the capital markets and the shifting around of the flows of capital have the potential to create some very choppy waters for several countries, especially those that have a high level of debt and are designated as emerging economies. In the Fund’s concluding remarks, it urged countries around the globe to work together in a renewed spirit of international cooperation to avoid those types of reforms that retreat from the global trading system.

  • Trump’s Tariff Reversal Driven by Bond Market Panic, Not Stock Decline

    In contrast to his initial term, President Trump appeared disconcerted to the recent chaos in the equity market this time around. Even when there was a week-long selloff, which some analysts said, took away $4 trillion in market value from investors’ hands, there was no immediate shift in the White House’s aggressive trade posture. But behind the scenes, a more pressing concern was brewing:  the sharp deterioration in the bond market. It was not falling stock prices but rising yields and a broad selloff in US government debt that forced a change in the Trump administration’s tone.

    Bond Selloff Rings Alarm Bells

    Bonds issued by the US government are usually thought of as safe investments that people run to in times of trouble. But that confidence was shaken when the yields on US Treasury bonds rocketed up from 3.9 percent to 4.5 percent in just a few days, the highest they’ve been since February. And most of the pressure to push prices down and yields up was coming from the foreign holders of US bonds,  especially in Japan and China, who were dumping the debt out of an increasingly panicked sense of what the future holds. The US has over $35 trillion in bonds out there, and these rising yields mean it’s getting to be far more pricey to issue new ones and to roll over old ones. That has direct implications for necessary federal spending programs like Social Security and Medicaid.

    A Key Voice Emerges Inside the White House

    What also altered the scenario was the return of sway for Treasury Secretary Scott Bessent. A seasoned figure from Wall Street, Bessent had been pushed to the  side along with more hawkish advisers in the past few weeks. But with  investor confidence being shaken and the bond market flashing warning signs,  Bessent’s arguments have gained sway. Given the recent reports, it seems that  Bessent was instrumental in securing a 90-day timeout on new tariffs, which  is something that obviously Trump signed off on. Bessent’s approach seems to  have won out over the more aggressive advice of commerce secretary Howard  Lutnick and senior counsel Peter Navarro. His public statement marking this hiatus was a rare moment of moderation from within an otherwise combative administration.

    Corporate Credit Markets Face the Ripple Effect

    The bond selloff has other implications too, especially for companies that are trying to raise money in a now-very-challenging credit environment. With corporate credit spreads widening and stock valuations tumbling in response to rising rates, companies are facing a more adverse setting in which to raise funds. 

    Here’s another way to look at it: The last time investors were demanding this kind of premium between US junk-rated and Euro junk-rated bonds, back in 2008, the US economy was in the midst of a slow-motion meltdown.

  • Trump Supporter, Billionaire Bill Ackman Warns of ‘Economic Nuclear Winter’ Due to Tariffs

    In order to avoid “a self-induced economic nuclear winter”, a billionaire supporter of Donald Trump, Bill Ackman, has urged the US president to halt his newly announced trade penalties. The president should give nations three months to reconsider their trade agreements with the United States, according to hedge fund investor Ackman. Other well-known Wall Street personalities reiterated Ackman’s warning on March 7. Jamie Dimon, the head of JPMorgan Chase, stated that Trump’s tariffs run the risk of raising costs for Americans. The White House has hurried to describe speculation that the US president may halt fresh tariffs as “fake news”.

    Ackman stated in a post on X that if the new taxes are implemented, corporate investment will stop, and customers will stop spending money. He further added that America will suffer significant harm to its standing with the rest of the globe, which may take years or even decades to repair.

    Global Economy Taken a Massive Hit

    Trump already imposed a 10% base duty on all US imports of products on 5 April, and dozens of economies are preparing for even higher tariffs beginning on 9 April. Major US trading partners China and the European Union are among those hardest-hit nations. They will be subject to increased levies of 34% and 20%, respectively. In an annual letter to shareholders, Dimon stated that the new tariffs are making many people think that there is a higher chance of a recession and would probably raise inflation. He went on to say that while it’s unclear if the tariff option will lead to a recession, it will hamper GDP. In a post on X on April 7, billionaire Stanley Druckenmiller, the founder of the investment firm Duquesne Family Office, stated that he opposed tariffs higher than 10%. Fisher Investments’ founder and executive chairman, billionaire Ken Fisher, later in the day remarked on X that Trump’s announcement on 2nd April was foolish, incorrect, rudely extreme, uninformed in terms of trade, and using the wrong instruments to solve a non-issue. He commented further that as far as he can tell, though, it will fade and fail, and the fear outweighs the issue; therefore, he is bullish. Although he usually stays out of the public eye when it comes to presidential activities, Fisher pointed out that Trump is far outside the pale when it comes to tariffs.

    Musk Hoping for ‘Zero Tariff Situation’

    Even Elon Musk, the richest man in the world and a leading Trump supporter, expressed his hope on 6 April for a “zero-tariff situation” between the US and Europe. During a video connection chat with Matteo Salvini, the deputy prime minister of Italy, Musk expressed his desire to see a successful “free-trade zone” established between North America and Europe. Simon MacAdam, deputy chief global economist at consulting firm Capital Economics, echoed Ackman. He stated that companies were likely to postpone investments because of the uncertainty surrounding Trump’s tariff policies. He stated that a person operating a mid-sized or even large-cap company will be really unsure of what to do. Speaking to a media outlet, he stated that entrepreneurs would be burning their time and possibly hundreds of millions of dollars on new plants in the United States if those tariffs were to be lowered again in a few months.

  • India Eyes Relief as One-Fifth of Exports to US Expected to Get Tariff Exemptions

    In the middle of intensifying global trade tensions, India could get some protection. An estimated one-fifth of its exports to the U.S. are likely to be exempt from the tariffs hitting other countries. This amounts to roughly $20 billion worth of goods that are supposed to be spared under new U.S. trade rules introduced through an executive order. The total value of Indian goods exported to the U.S. last year was around $91 billion.

    Pharma and Metal Exports Stand to Benefit

    The biggest winner appears to be the pharmaceuticals sector. Almost the entire category looks set to avoid the increased tariffs. Meanwhile, more than 95 percent of the exports from India’s metals industry—think zinc, tin, and copper—are expected to remain unaffected. These tariff exemptions are vital to keeping India’s overall export competitiveness as it pushes much more into the U.S. market, especially in the areas of industrial and healthcare-related exports.

    Electronics Sector Faces Challenges

    In contrast, India’s leading export sector—electronics—will receive only minimal relief. Only 0.6 percent of its trade value will benefit from exemptions. The US imported approximately USD 14.4 billion worth of electronics from India last year, of which the tiny sum of USD 86 million is likely to be exempt. This could hit the already troubled Indian export sector much harder than any other because electronics is India’s largest export area, and already the most vulnerable to the kinds of pressures that lead to rising prices and falling profitability.

    India Gains as China and Vietnam Face Higher Tariffs

    Even with these sector-specific difficulties, India has the chance to gain as the United States hits China and Vietnam—two of its significant manufacturing competitors—with much heftier tariffs. China is now facing cumulative duties of as high as 54 percent on some products, while those same types of goods are now being affected by tariffs that are going up to 46 percent in Vietnam. This is very good news for India, as it is now likely to see a demand boost for exports to the US in sectors where it competes directly with China and Vietnam.

    Comparing India’s Position with Other Nations

    President Donald Trump signed the executive order; it puts in place a minimum 10 percent tariff on all U.S. trading partners and then adds on top of that based on trade balance grievances. Notably, the order does not mention any specific country by name, but it was clear well before the signing that India was in the sights of this U.S. initiative, and it has been accused by U.S. officials of doing an overall total trade distortion of 52 percent. The U.S. order appears to put the country on notice that from here on, at the very least, it will have to stop charging so many tariffs on U.S. exports.

    Partial exemptions from tariffs are not unique to India. Among BRICS countries, South Africa is expected to have 35 percent of its trade exempted, while 33 percent of Israel’s exports are anticipated to escape tariffs. In contrast, European economies such as Germany and France will see only 16 and 14 percent of their exports, respectively, spared by the new taxes.

  • Cipla CEO- Not letting Tariffs on Indian drugmakers

    President, Donald Trump: The U.S. government has been considering tariff hikes on imports from various sectors, including pharmaceuticals, as part of broader trade policy measures. India’s basic customs duty on pharmaceutical imports is 10%. However, some lifesaving drugs and vaccines are exempt from this duty. Recently, the Indian government announced a full exemption to 36 lifesaving drugs from the basic customs duty—the U.S. doesn’t impose any import duty. Still, if the US enforces any tariffs based on diplomacy, India would need to lower its duties on US pharmaceutical imports

    In a recent statement, Cipla CEO Umang Vohra highlighted, ” Indian pharmaceutical companies should not allow U.S. imposing heavy tariffs to dictate their business strategies. The discussion within the U.S. government regarding this tariff is raising concerns regarding the impact on Indian drug makers, who supply nearly 50% of the generic drugs in the U.S. market.”

    Umang Vohra, Cipla CEO advice on tariffs

    According to Vohra, suddenly shifting manufacturing bases or making major structural changes might not be the best solution. He notes that setting up new units or plants to avoid tariffs could lead to underutilization. Many pharmaceutical companies have already expanded their manufacturing units abroad, in countries like the US and Europe. However, moving more operations overseas to avoid tariffs could be costly and complicated. It would require regulatory approvals, skilled labor, and infrastructure development.

    Vohra advises businesses to focus on their long-term goals, innovation, and efficient production instead of reacting impulsively to uncertain trade policies.

    Dilip Shanghvi, Managing Director of Sun Pharma said, ” I don’t know how much difference tariffs will make to us and it will not justify relocating our manufacturing, Ultimately the tariff impact will be passed on to consumers.”

    Crucial role of Indian Generics in the global market

    Despite facing multiple challenges, India’s pharmaceutical industry plays a vital role in the global supply chain. It provides affordable generic medicines to countries around the world. Indian drug manufacturers are successful due to several factors including the production of medicines at a comparatively lower cost, they have access to a strong pool of talented professionals, and well-established regulatory processes.

    The Indian industry is also expanding its presence in global markets such as Africa, Latin America, and Southeast Asia, which reduces the dependence on any single region. This strategic move has enabled Indian pharmaceutical companies to expand their global footprint and cater to the diverse needs of markets. Indian generics have a significant role in controlling drug prices, and a major shift from these imports could impact U.S. consumers and healthcare systems.

    What is Green Tariff and How does it Works?
    Green Tariffs provide access to industries that use renewable energy programs. Learn about Green Tariff, how it works, types, advantages & more.
    StartupTalkySushree Sangeeta Behera