India-US tariffs: Only 7.38% of Indian exports affected; ICRIER suggests negotiation and trade diversification
Nearly 70% of Indian goods exports to the US face a 50% tariff, impacting labor-intensive sectors like textiles, gems, and agriculture. ICRIER advises smart negotiations, targeted relief, and export market diversification. Despite the challenges, India aims to maintain its global economic position, addressing concerns while safeguarding national interests and energy security.
Nearly 70% of Indian goods exports to the US face a 50% tariff, impacting labor-intensive sectors like textiles, gems, and agriculture. ICRIER advises smart negotiations, targeted relief, and export market diversification. Despite the challenges, India aims to maintain its global economic position, addressing concerns while safeguarding national interests and energy security. What's Your Reaction?
