By Admin 
Billionaire investor Mark Mobius said on Thursday that 50 percent of the tariffs imposed by US President Donald Trump on India will have little impact on the country, as India’s domestic market is very big. Talking to the news agency IANS, the legendary investor said that India is not completely dependent on exports like China. Due to this, the country is in a good position to deal with tariffs than other economies.
He further said, ‘India’s domestic market is very large and it is not dependent on exports like China. Apart from this, Indian software exports are also good and it will help protect against tariffs.
Tariff is not a big problem for India- Mobius
Mobius further said to IANS, ‘The summary is that tariff is not a big problem for India.’ Shipments worth more than $ 30 billion related to medicines and some electronic items like smartphones, semiconductor and energy have been excluded from the high tariff list so far from the US. The Trump administration has not yet included these major industries in the new tariff, which are going to be implemented in the next 21 days.
In addition, India has exported drugs and pharmaceuticals worth $ 10.5 billion and $ 14.6 billion as well as electronic products (mostly smartphones) in FY 25 respectively, which is 29 percent of its total exports to the US. Petroleum exports worth $ 4.09 billion in FY 25 are also safe from Trump’s new tariff, as the energy is excluded from the list of high tariffs. India exported $ 86.51 billion to the US in FY 25.
Appreciation of India’s economic growth
According to Mobius, the kind of GDP growth of India will help it to move forward on the path of becoming the third largest economy in the world. Mobius said, ‘Despite global uncertainties, the country is achieving a growth rate of 6-7 percent, which reflects the strength of its economy. This will help India to move forward.
In the last few years, India has become the fourth largest economy from the 11th largest economy in the world. In the case of total GDP (GDP) in 2025, India will be behind only America, China and Germany.