US Tariff Shock: India Faces Billions in Export Losses
A new report by Ventura Securities paints a grim picture for Indian exports. The imposition of a 15% US tariff could slash demand by 20-30%, leading to annual export losses of USD 5 to USD 6.75 billion.
This significant blow to the Indian economy is projected to impact several key export sectors. The report highlights the potential for widespread disruption and job losses across various industries.
The findings underscore the escalating trade tensions between India and the US. The long-term implications for bilateral trade relations remain uncertain and require immediate attention from policymakers.
This development necessitates a proactive response from the government to mitigate the damage and explore avenues to diversify export markets. Failure to address this could have far-reaching consequences for India’s economic growth and stability. The impact on millions of livelihoods directly dependent on these exports cannot be ignored.
