MSMEs in textiles, diamonds, chemicals to be most hit by U.S. tariffs: CRISIL Intelligence

“Textiles, gems and jewellery, which account for 25% of India’s exports to the U.S., are likely to be most affected. The MSMEs have more than 70% share in these sectors and will be hit hard,” a report by CRISIL Intelligence said

Aug 20, 2025 - 13:50
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MSMEs in textiles, diamonds, chemicals to be most hit by U.S. tariffs: CRISIL Intelligence
“Textiles, gems and jewellery, which account for 25% of India’s exports to the U.S., are likely to be most affected. The MSMEs have more than 70% share in these sectors and will be hit hard,” a report by CRISIL Intelligence said

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