Group 1 - The Chinese ambassador to India criticized the high tariffs imposed by the US on Indian goods, labeling the US as a "bully" and expressing China's support for India [1][3][5] - The US has threatened to impose an additional 25% tariff on Indian goods, raising the total tariff to 50%, which has significant implications for India's exports [1][5] - The textile, pharmaceutical, and processed food industries are the most affected, with an estimated 48 billion USD in exports from India to the US in 2024, and over 12 million jobs at risk due to the tariffs [3][5][7] Group 2 - The impact of the tariff threat is expected to lead to a loss of at least 8 million jobs in India, with small and medium enterprises being the hardest hit [5][7][9] - The Indian stock market has seen a dramatic decline, dropping from the most favored Asian market to the top position for fund manager sell-offs, with a 1.2% drop in the past two weeks [7][17] - The Indian government is cautiously responding to the US tariffs, with plans for tax reforms aimed at stimulating domestic demand, which could contribute 0.35-0.45 percentage points to GDP growth by FY2027 [13][17] Group 3 - The diamond, textile, and chemical industries are particularly vulnerable, with micro and small enterprises making up a significant portion of these sectors [9] - The bilateral trade between China and India has exceeded 75 billion USD in 2025, reflecting a 10% year-on-year growth, indicating a potential for strengthened economic ties despite external pressures [15] - The future of labor-intensive industries in India will largely depend on the government's strategic decisions in response to the ongoing trade tensions [17]