As India waits and watches, a plan is in the making to counter Trump’s tariff challenge
1 month, 3 weeks ago

As India waits and watches, a plan is in the making to counter Trump’s tariff challenge

Firstpost  

According to data from the commerce ministry, the total export value in sectors such as textiles, electronics, engineering goods and pharmaceutical products to the US increased from $38.84 billion in FY22 to $46.43 billion in FY24. As the world’s fifth-largest economy, India is focused on avoiding tariff increases, particularly on key export categories such as textiles, electronics, engineering goods and pharmaceutical products. These sectors have seen consistent export growth to the US, rising from $38.84 billion in FY22 to $46.43 billion in FY24, according to data from the Commerce Ministry. They further emphasized India’s growing role in global trade and warned that any tariff escalation by the US could significantly disrupt bilateral trade relations.

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