"Immediate Impact Of US Tariffs Appears Limited But...": Government

India is pursuing a diversified trade strategy to sustain its trade performance, but the initiatives may not fully address the shortfall that will arise in exports if current tariff rates persist, the ministry said.

Reuters
India News
Aug 27, 2025 19:57 IST

Read Time: 1 min

India says the immediate impact of US tariffs on Indian exports appears limited.

NEW DELHI:

The immediate impact of US tariffs on Indian exports appears limited but their secondary and tertiary effects on the economy pose challenges, the finance ministry said in its July monthly economic review, released on Wednesday.

The South Asian nation is pursuing a diversified trade strategy to sustain its trade performance, but these initiatives will take time and may not fully address the shortfall that will arise in exports if current tariff rates persist, it said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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"Immediate Impact Of US Tariffs Appears Limited But...": Government

India is pursuing a diversified trade strategy to sustain its trade performance, but the initiatives may not fully address the shortfall that will arise in exports if current tariff rates persist, the ministry said.