India Poised for Growth Amid US Reciprocal Tariffs

Niti Aayog's Pravakar Sahoo has indicated that the US's reciprocal tariffs will minimally impact India while opening various opportunities for growth. Despite US tariffs on major trading partners like China and Canada, India is better positioned due to its smaller share in US imports. Further analysis is expected soon.

Niti Aayog Programme Director Pravakar Sahoo stated on Friday that the US's planned reciprocal tariffs are unlikely to significantly impact India, instead creating numerous opportunities for the country.

While major trading partners such as Mexico, China, and Canada will face tariffs that cover 50% of the US's total imports, India's position remains advantageous.

A detailed analysis of these tariffs' effects on India will be in the next report. Meanwhile, US negotiations with India aim to double bilateral trade by 2030.

(With inputs from agencies.)