Donald Trump’s Tarifs Case: Research Institute GTRI said on Monday that India’s exports to the US could decrease by 30 percent to $ 60.6 billion in the current financial year due to US President Donald Trump’s additional 25 percent import duty on Indian goods. To promote exports, GTRI suggested the government to revive the interest equilibrium, create a helpdesk, strategic use of business agreements and include new exporters.
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The 25 percent fee levied by the US on India is the highest after China. The US has imposed 30 percent on China, 20 percent on Vietnam, 18 percent on Bangladesh, 19 percent on Indonesia, Malaysia and Philippines and 15 percent on Japan and South Korea.
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According to the Global Trade Research Initiative (GTRI), the fees except some exceptions will damage Indian exports in most areas. America’s new fee system does not include drug, energy products, important minerals and semiconductors. GTRI founder Ajay Srivastava said, ‘There is pressure on Indian goods. Due to this, India’s exports to the US may decrease by about 30 percent to US $ 60.6 billion in FY 2025-26.
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Exports from India to the US in FY 2024-25 were US $ 86.5 billion. GTRI estimates that India’s apparel export will be one of the worst affected areas. Apart from this, shrimp exports, jewelery exports and metal exports will also be damaged. (Language)
Edited by: Chetan Gour
