New Delhi, March 29: India could lose $6 billion in exports to the U.S. if a 10% tariff is imposed, with losses rising to $31 billion at a 25% tariff, according to Emkay Global. Key sectors like chemicals, auto components, and textiles would be hit the hardest.
The report warns that higher tariffs may weaken India’s trade competitiveness, pushing exporters to find alternative markets. However, India’s expanding trade partnerships and policy measures could help offset some of the impact.
