Tariff War / How will Trump's tariff be overcome, India will lose Rs 2.65 lakh crore?

Tariff War: While a group of Indian officials is in talks with the US delegation to find a solution to Trump's tariff, a report has emerged that highlights concerns about Trump's tariff on India.

Impact of tariff on India

A new report has made two estimates. If the tariff remains at 10%, India's exports have suffered a loss of $6 billion (approximately Rs 51,000 crore). If the tariff becomes 25%, this loss could reach Rs 2.65 lakh crore.

Which sectors will be affected?

The report has divided India's major export sectors into two categories - those that will suffer losses due to tariffs and those that can benefit from tariffs.

• Sectors affected: Apparel, Gems and Jewellery and Auto Parts
• Sectors benefitted: Pharma, Electronics, Auto Parts

India's future prospects

India has cut tariffs on US imports to mitigate the impact of tariffs. Future planning also aims to estimate how the impact of tariffs can be mitigated.