Reports Say Trump’s Reciprocal Tariffs Could Reduce India’s GDP By 50 bps

Donald Trump, as the 47th US President, has announced reciprocal tariffs against countries with high import duties. India, with its significant trade surplus and high tariffs, could face substantial export losses. Sectors at risk include chemicals, metals, jewellery, pharmaceuticals, auto parts, and agriculture. The potential impact on India's GDP and strategies to mitigate these challenges are discussed.