Tariff tweaks: India to gain in over half of exports to US

Minerals, fuels, electronics, plastics among sectors to benefit: Niti report

- PRASANTA SAHU

INDIAN EXPORTERS STAND to gain in well over half of the products exported to the US, under the new tariff structure for countries imposed by the world's largest economy.

Indian firms are better placed to increase their share in the US imports of $2.29 trillion in product lines where they now have a tariff advantage compared with their main competitors, according to Niti Aayog's latest Trade Watch report.

These estimates are based on the tariff levels as on July 10, when India suffered the additional baseline tariff of 10%, and many other countries, including China were subjected to relatively higher tariffs.

The think tank's report noted that at the HS (harmonised system) two-digit level, out of 30 products that have 91.4% share in India's total exports to the US, India could gain in 22 products under the new tariff structures imposed by US.

These 22 products have a share of 61% in India's exports to the US ($49.3 billion out of the total export of $81 billion in FY25).