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India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

  • US President Donald Trump's reciprocal tariffs may lead to a 3-3.5% decline in Indian exports, according to SBI Research.
  • India plans to strengthen its global market position through Free Trade Agreements and by diversifying its exports.
  • India is negotiating several FTAs, including one with the UK that could boost bilateral trade by USD 15 billion by 2030, as noted in the report.
  • SBI Research states that India is poised to absorb tariff impacts while enhancing trade deals.
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Live MintLive Mint

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

India’s merchandise trade with the US last fiscal amounted to $119.72 billion, with exports at $77.52 billion and imports at $42.20 billion, according to data from the commerce ministry.

·New Delhi, India
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The Siasat DailyThe Siasat Daily
+3 Reposted by 3 other sources

Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report

New Delhi: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday. The decline in the exports is expected to be in the range of 3-3.5 per cent, which again should be negated t…

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LatestlyLatestly

SBI Research Report Says ‘Decline in Exports From India to US Could Be in Range of 3-3.5% Post Reciprocal Tariffs’

India will also get advantage of aluminium and steel tariffs imposed by the US last week. India runs a marginal trade deficit with the USD 13 million in aluminium goods, and USD 406 million in steel goods. SBI Research Report Says ‘Decline in Exports From India to US Could Be in Range of 3-3.5% Post Reciprocal Tariffs’.

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India TodayIndia Today

Will Trump's reciprocal tariffs hit India hard? Here's all you need to know

Indian exporters are worried about US reciprocal tariffs, but a new report from SBI Research has indicated that the impact will be limited.

·India
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8pmnews.com8pmnews.com

SBI Research: Trump’s Reciprocal Tariffs To Have Limited Impact On Indian Exports

New Delhi [India] : A recent SBI Research report suggests that US President Donald Trump’s proposed reciprocal tariffs may result in only a 3-3.5% decline in Indian exports. However, this dip is expected to be offset by India’s proactive export diversification and value-added product strategies. Key Findings from SBI Research The projected decline in exports is manageable due to India’s ongoing efforts to expand trade across manufacturing and s…

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Social News XYZ broke the news in on Monday, March 17, 2025.
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