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India stands to gain in an increasingly uncertain world of tariffs: SBI
The Daily Guardian
|March 18, 2025
US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 percent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday.
"The decline in exports from India to the US could be in the range of 3-3.5 percent post reciprocal tariffs, if any... which again should be negated through higher export goals across both manufacturing and services fronts, as India has diversified its exports kitty, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to USA via the Middle-East, redrawing new supply chain algorithms," says the report.
India will also get advantage of aluminum and steel tariffs imposed by the US last week.
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