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