‘Severe sectoral pain’: India’s exports to US fall for third straight month as Trump imposes 50% tariffs; what should be the policy response?
India’s exports to the US have been declining for three consecutive months, with August experiencing a significant 16.3% drop due to increased tariffs imposed by the US. The impact is uneven, heavily affecting sectors like apparel and gems, potentially leading to substantial export losses and job cuts.🕒 1 min read
India’s exports to the US have been declining for three consecutive months, with August experiencing a significant 16.3% drop due to increased tariffs imposed by the US. The impact is uneven, heavily affecting sectors like apparel and gems, potentially leading to substantial export losses and job cuts.
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