DIPAM's Weekly Review and Geopolitical Strategies amidst US Tariff Tensions

The Department of Investment and Public Asset Management (DIPAM) is intensifying efforts to safeguard India's public sector undertakings from geopolitical challenges. Amid growing concerns, DIPAM Secretary Arunish Chawla announced that the agency is conducting weekly reviews of capital expenditures.

Public sector enterprises contribute significantly to the nation's market value, comprising nearly 15% of total market capitalization. Despite new tariffs imposed by US President Donald Trump, the government has expressed confidence in maintaining robust capital expenditure levels.

The tariffs are part of a broader strategy by the US to negotiate favorable trade terms. With India set to face penalties starting August 7, concerns are reverberating through equity markets, impacting sectors such as pharmaceuticals and technology.

(With inputs from agencies.)