US Tariffs Cover 60 Economies, India Largely Unaffected
Economists say the 10% US tariff on Indian goods will have limited immediate impact on exports. Ajay Sahai of FIEO cautions textiles should be monitored due to a proposed tariff-rate quota for competitors, but overall India is in a favorable 10% category. Analysts such as Sunil R. Parekh and Vishwanath Pingali view the reduction as a sign of effective negotiation and as providing certainty, placing India among the countries with the lowest US tariff rates. They emphasize export diversification to mitigate policy changes and support long‑term growth. The difference between 10% and 12.5% is considered marginal, with varying impacts across sectors. Overall, experts advocate strengthening export diversification and competitiveness for sustainable gains.
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