US duty can severely impact India's exports: GTRI
The US has imposed a 25% tariff on most Indian goods, effective August 7, 2025, potentially impacting India's exports significantly. Exemptions include pharmaceuticals, energy products, and electronics. Experts predict a potential 30% decrease in India's goods exports for FY 2026, dropping from USD 86.5 billion to USD 60.6 billion.
The US has imposed a 25% tariff on most Indian goods, effective August 7, 2025, potentially impacting India's exports significantly. Exemptions include pharmaceuticals, energy products, and electronics. Experts predict a potential 30% decrease in India's goods exports for FY 2026, dropping from USD 86.5 billion to USD 60.6 billion.
