Impact of US Tariffs on Indian Jobs

The imposition of steep tariffs by the US on Indian exports has sparked a heated debate among experts, with predictions of significant job losses in key sectors.

R P Yadav, founder of Genius HRTech, highlights the direct impact on India's employment landscape, particularly in industries reliant on the US market. Textiles, auto components, agriculture, and gems and jewellery are identified as the most vulnerable sectors.

Diverging Expert Opinions

While some experts warn of immediate job losses, others like Balasubramanian Anantha Narayanan of TeamLease Services argue that India's domestic consumption could cushion the blow. The potential for trade diversification and ongoing negotiations offers a glimmer of hope.

Broader Economic Implications

Aditya Mishra of CIEL HR points out the unsettling effect on exporters and the ripple impact on sectors not directly under the tariff ambit. The uncertainty could lead to cost-control measures affecting temporary and contractual roles the most.