Tariff War Provides Opportunity for India in Some Sectors: CEA

Chief Economic Adviser V Anantha Nageswaran said India actually has a few silver linings which include low energy prices at the moment

- OUR CORRESPONDENT

NEW DELHI: Ongoing tariff war triggered by reciprocal tariffs by the Trump Administration provides an opportunity for India in some sectors, Chief Economic Adviser V Anantha Nageswaran said on Thursday.

Addressing the CII Annual Business Meet here, he said India actually has a few silver linings which include low energy prices at the moment.

Besides, he said, "regardless of how the tariff numbers will play out after the 90-day expiration from the Liberation Day on April 2, or the 90 days given to China from May 12, etc., there will be some sectors where India did not enjoy an advantage before; it may enjoy an advantage later. That's also an opportunity from a tariff perspective."

The US on April 2 imposed an additional 26 percent reciprocal tariff on Indian goods, but later suspended it for 90 days till July 9. However, Indian goods still attract the 10 percent baseline tariff imposed by America.

Meanwhile, both India and the US are in discussions to close a bilateral trade agreement.