With the United States threatening to raise tariffs on Indian exports, Finance Minister Nirmala Sitharaman revealed that India is working on strategies to mitigate the impact on its key industries. The sectors most at risk include steel, textiles, and agricultural products, which face the prospect of higher duties in the US market.
Sitharaman announced that the government is working on increasing India’s presence in other international markets such as Europe, Southeast Asia, and Latin America to offset potential losses from the US tariffs. Efforts are also being made to diversify the range of products being exported, focusing on sectors where India has a competitive advantage, such as technology and services. The government is also pursuing negotiations for trade deals with new partners to ensure that Indian goods can continue to thrive in global markets.
