As the United States imposes reciprocal tariffs on Indian exports, government officials at Delu Delhi precisely analyze their potential impact on trade and Indian exporters.
The government is flexible and open to have all the options in the table, which can mean reducing duties through the bilateral trade agreement, (BTA) is likely to be finalized by autumn to reduce reciprocal tariffs, sources shared with Business today TV.
Unlike other nations, India is in a unique position. “India has a first -hand advantage, because Washington only visited Delu Delhi,” the official said.
The government sees this as a moment to strengthen India’s position in global trade, especially with reciprocal tariffs in China, now. “Since global supply chains are changing in response to the escalation of trade disputes, India sees a silver sheath,” sources added.
India has also noticed interest from various other new countries for commercial friendships after an avenge approach.
However, India has rejected the possibility of joining ASEAN in any collective response against tariffs, but maintains all options opened about reciprocal tariffs and diminishing duty, the official said.
Free trade agreements with Gulf Nations, including Bahrain and Qatar, are also considered to diversify trading partnerships in India, according to sources.
India remains awake against the potential throwing of surplus goods from countries affected by US tariffs. Officials have assured that direct and indirect measures will be taken if foreign producers try to flood Indian markets.
The government is particularly focused on protecting its dairy and agricultural sectors, ensuring that trade negotiations do not undermine local farmers. At the same time, Indian authorities are hired by top commercial representatives around the world to expand India’s global exports, sources said.
With tax cuts in the United States and global energy prices that provide a favorable environment, India remains cautiously optimistic. While the Trump administration has yet to impose penal tariffs on the Farm sector, Delhi expects any impact on the price to be minimal. The goal remains clear “turning the challenges into opportunities for Indian exporters,” the official said.
Source link
