At first glance, Trump tariffs look steep and scary. India needn't worry too much though. US has let Indian IT services and the pharmaceuticals sector off the reciprocal tariff list. These two sectors bring in huge amount of exports foreign exchange for India. The more nuanced part of India's stance will decide where to concede. It will need to select sectors where US goods could actually drive domestic consumption, which is the key driver of the Indian economy as well as private investment demand, for instance in the textiles sector.
from Economy-Prime-Economic Times

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