India’s 70% Goods Export Exposed to Trump Tariffs: ICRIER Calls for Negotiation & Diversification
Extent of Tariff Exposure According to a new report by the Indian Council for Research on International Economic Relations (ICRIER) titled “Navigating Trump’s Tariff Blow” , nearly 70% of India’s goods exports to the US , valued at USD 60.85 billion , now face the 50% tariff imposed by the US administration. While this figure may sound alarming, it constitutes only 1.56% of India’s GDP and 7.38% of total exports , making it a manageable—though sectorally concentrated—challenge for India’s USD 3.9 trillion economy . Key Sectors Affected The impact of the tariffs is highly sector-specific , with serious consequences for labour-intensive and high-value export industries : Textiles & Apparel: Facing over a 30 percentage point tariff disadvantage compared to competitors such as Bangladesh, Pakistan, and Vietnam. This threatens India’s long-standing competitive edge in one of its largest export markets. Gems & Jewellery: Exports worth USD 11.9 billion will now stru...