मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Export of jewellery and gems set to face tariff grind-down
Mint New Delhi
|April 04, 2025
Cut and polished diamonds accounted for 57% of India's total gems and jewellery exports to the US in FY24
The US government's decision to impose a 27% reciprocal tariff on imports from India is expected to significantly impact the country's gems and jewellery sector, experts said. Gems and jewellery made up 12.8% of India's exports to the US and amounted to $9.9 billion in FY24.
US President Donald Trump announced the new tariff on 2 April, which he said is about half the rate of India's 54% tariff on US imports. The current US duty for Indian gold jewellery imports is 5%, per a note from EY, and there are no duties on import of cut and polished diamonds.
Garments, engineering goods, electronics, pharmaceuticals, and gems and jewellery comprised 72.7% of total goods trade between India and the US in FY24, contributing $56.34 billion out of the overall trade of $77.52 billion.
यह कहानी Mint New Delhi के April 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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