Experts have mixed opinions about impact of US tariffs on job market
Yadav, textiles, automobile components, agriculture and jewels and jewels, such as the most vulnerable sectors, MSME’s Brunt carrying the most vulnerable, he said.
If the tariff regime continues beyond the next six months, the laboatur is only intensively losing 1.00,000 jobs, which is intensively intensively at risk, and estimates that only textile and 2.00,000 to 3.00,000 work is at risk.
“Similarly, thousands of work is at risk of demand and cost in the US market in the jewelery and jewelery sector, including the Smakers in Mumbai and the units in Seepz.”
However, the Teamlease Services Senior Vice President Balasubramanian Anantha Narayanan does not see the possibility of loss of business by saying that India is a largely domestic consumption -oriented economy, unlike China. “At this point, we do not see any slowdown or loss of work. This means that with extension, except for some sectors, such as ITEs between others, it means that our business is largely in the service of domestic demand. Our exports to the United States will be roughly about 2.2 percent of our GDP. Moreover, he added that these tariffs entered into force later this month and that some negotiations were likely to happen before. “On the other hand, we had a few positive positively with the United Kingdom and other countries. Even if these US tariffs emerged, we will definitely find a way to re -direct or diversify our trade in other markets. Therefore, at this point, we do not see any signs of a slowdown or loss of work.
The slowdown in business growth, the general slowdown in global demand and consumption, the uncertainty around tariffs and the geopolitical conflicts in various parts of the world.
Meanwhile, Ciel HR MD and CEO Aditya Mishra said that the US Tariff Scenario is uncomfortable for Indian exporters such as electronic, textile, jewels and jewels, car components, leather, shoes, darmes and engineering goods, especially in sectors that are largely dependent on the American market.
“Even industries other than direct tariff ambiet, like drugs, feel the effect of fluctuating with more expensive upward chemicals and materials.”
However, as the negotiations are expected, this stage of uncertainty can continue in the third quarter of this financial year, Mishra said.
“While Widespread Layoffs Apppear Unlikely at this Stage, Companies Are Already in Cost-Containment Mode, Reduction Discretionary Spending, Streaming Production, and Freezing HiRing. Particularly Shop-Floor Workers, Artisans, Sales and Logistics Staff, and Some-Level Managers in Export-Led Units.
This may indirectly affect sectors such as CTs and GCCs, and added that the CT sector has already experienced slow spending and recruitment and that this additional uncertainty may even delay the improvement.
“It is likely that GCCs (Global Talent Centers) are likely to adopt a careful approach to recruitment and investments until there is more clarity in trade negotiations and market stability.
