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Ind-Ra warns tariff hike to hit MSMEs hardest.

Reciprocal US tariffs may hurt Indian MSMEs: Ind-Ra

April 29, 2025, 03:51 PM - 3 min read

India Ratings and Research (Ind-Ra) has warned that the imposition of reciprocal tariffs is likely to worsen the financial strain already faced by India’s micro, small and medium enterprises (MSMEs), particularly amid escalating global trade tensions being referred to as "tariff war 2.0".

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