<h1>Higher US tariffs cloud export prospects while domestic economy shows resilience and supportive monetary conditions.</h1> An additional Higher US Tariffs increases export vulnerability for sectors such as gems, jewellery and certain electronics and clouds near term trade prospects unless a negotiated settlement or mitigating trade agreements materialise. Domestically, modest industrial expansion, easing consumer and wholesale inflation, supportive monetary liquidity conditions and accelerating bank credit underpin resilience. Financial indicators show stable sovereign yields, strong G Sec demand and a broadly steady currency, but the rupee remains susceptible to depreciation pressure from tariffs or portfolio outflows.