India should be cautious about lowering duties to enhance export competitiveness, said Sunil Sanghai, President of the India chapter of the Paris-based International Chamber of Commerce. Sanghai said that the extent of the impact of the US’s plans for reciprocal tariffs on Indian exports remains uncertain, especially in light of the recent developments regarding the Bilateral Trade Agreement (BTA) He added that New Delhi will need to adopt a balanced approach towards the negotiations for a trade deal given that the US has specifically flagged India”s high tariffs on agricultural products and motorcycles. India and the US have announced plans to more than double the bilateral trade to $500 billion by 2030 and negotiate the first tranche of a BTA by the fall of 2025. “The BTA presents both challenges and opportunities. By focusing on high-value sectors like defence, energy, and services, the target of $500billion trade can be achieved while navigating the complexities of reciprocal tariffs,” said Sanghai.