New Delhi, April 3, 2025 – Economists believe that Indian exporters will face fewer difficulties than their Asian counterparts after the U.S. imposed new tariffs. While India is subject to a 26% tariff, this is significantly lower than the rates on China (over 50%) and Vietnam (46%). Experts attribute this to India’s diversified export base and a less export-dependent economy.
Sonal Badhan, an Economics Specialist at Bank of Baroda, noted that India’s varied export sectors and exemptions in key industries like pharmaceuticals will help mitigate potential trade disruptions. This strategic advantage is expected to cushion the overall impact on India’s export economy.
