Festive demand, GST cuts likely to cushion tariff impact: Bankers

Indian businesses are adapting to US tariffs. Festive season demand and GST changes may help. Companies are focusing on local sales and new supply chains. MSMEs are exploring other markets. Banks expect increased lending to MSMEs. Sectors like textiles and engineering could benefit. Government support aims to protect MSMEs from credit issues. Strong domestic demand may offset tariff impacts.

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