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Tariff impact: India's exports to US could decline by $5.76bn
Orissa POST
|April 08, 2025
India's merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by USD 5.76 billion per year due to increased American duties, according to the data analysis of think tank GTRI.
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However, it added that India can compete in select product segments to help cushion some of the losses.
Sectors which can witness modest gains include textiles, mainly apparel, inorganic chemicals, and pharmaceuticals.
The US has announced an additional 26 per cent duty on Indian goods barring pharma, semiconductors and certain energy needs from April 1 to 10 per cent baseline tariffs are there from April 5-8.
"Using detailed trade data and tariff schedules, the analysis estimates that India could see a decline of USD 5.76 billion, or 6.41 per cent, in exports to the US in 2024. In 2024, India exported USD 89.81 billion worth of goods to the US.
This story is from the April 08, 2025 edition of Orissa POST.
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