Donald Trump’s tariffs put India at disadvantage to peers; 70% of Indian exports to US ‘under serious threat’: Barclays
Barclays warns that US President Donald Trump's 50% tariffs pose a 'serious threat' to 70% of India's exports to the US. While smartphones and pharmaceuticals are currently exempt, key sectors like electrical machinery and gems & jewellery face significant challenges. India is exploring strategies such as GST rate reductions, reactivating credit schemes, and diversifying export markets through FTAs to mitigate the impact.
Barclays warns that US President Donald Trump's 50% tariffs pose a 'serious threat' to 70% of India's exports to the US. While smartphones and pharmaceuticals are currently exempt, key sectors like electrical machinery and gems & jewellery face significant challenges. India is exploring strategies such as GST rate reductions, reactivating credit schemes, and diversifying export markets through FTAs to mitigate the impact. What's Your Reaction?
