What impact would Trump's high tariff pledge have on India's export opportunities, according to NITI Aayog’s Subrahmanyam
Trump's high tariff pledge to provide huge export opportunities for India, says NITI Aayog’s Subrahmanyam.
- Increased demand for Indian goods: Higher tariffs imposed by the US could lead to a shift in demand towards Indian goods as they become more cost-effective compared to products from other countries.
- Boost to Indian manufacturing sector: The rise in exports to the US would provide a significant boost to Indian manufacturing industries, creating more jobs and fostering economic growth.
- Diversification of export markets: India could reduce its dependence on traditional export markets and explore newer opportunities in the US due to the tariff restrictions imposed on other countries.
- Strengthening trade relations: Enhanced exports to the US could strengthen trade relations between India and the US, paving the way for future collaborations and partnerships.
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5 months ago