August 20, 2025 1:29 PM
US tariff impact: India can increase exports to other countries, leverage UK FTA benefits
India can mitigate the impact of higher US tariffs—particularly on its micro, small and medium enterprises (MSMEs) - by diversifying exports to other markets and leveraging gains from the recently concluded free trade agreement (FTA) with the United Kingdom, as well as a potential trade deal with the European Union, according to a report. The imposition of higher tariffs by the US will affect MSMEs, which account for as much as 45 per cent of India's total exports, said the report released on...