New Delhi. What will be the impact of US President Donald Trump’s reciperook Tariff on India? Will the pressure on India increase or it will not have any significant impact, as well as what are the sectors that can be affected due to the recipe-rhetoric, all these things are being discussed differently. Let us tell you about it in detail. According to the news of Navbharat Times, the recently released report has claimed that the impact of Trump’s tariff is likely to be limited in India.
SBI has estimated the slight impact of the possible impact of the American tariff on Indian exports, saying that this may reduce exports by 3 to 3.5 percent. Director General of Federation of India Export Organizations Ajay Sahay believes that the tariff imposed on India by the US is lower than major competitive countries like Vietnam and Bangladesh. This can benefit India’s textile and footwear sector. Many major global research and rating firms like Fitch, Goldman Sash, Nomura and Morgan Stanley also believe that American tariffs will not have much impact on India. At the same time, the big economists of the world also believe that despite the reciperoch tariff of America, India will remain the fastest growing economy in the world.
VIDEO | Union Minister of State for Finance Pankaj Chaudhary (@MPPCHUDHARY) On Reciprocal Tariff Announced by Us President Donald Trump, Says, “For Donald Trump It is ‘US first’ and for PM Modi it is ‘India first’. pic.twitter.com/8w0A4UFFHE
– Press Trust of India (@Pti_News) April 3, 2025
In this case, Union Minister of State for Finance Pankaj Chaudhary says that it is ‘America First’ for Donald Trump and ‘India First’ for Prime Minister Narendra Modi. We will analyze this and see how to deal with it. Let us know that America was the largest business partner of India from 2021-22 to 2023-24. America has 18 percent stake in India’s exports and 6.22 percent in imports.
