The State Bank of India (SBI) has assessed that the reciprocal tariffs imposed by the US on Indian exports will have a limited impact, estimating an effect of only 3-3.5% on overall exports. The report highlights that the incremental tariffs introduced are not substantial enough to cause significant disruptions. This assessment comes amid ongoing trade negotiations and tariff adjustments between the two nations. While certain sectors may experience marginal pressure, India’s diversified export base is expected to absorb the impact efficiently.
Minimal Impact of US Tariffs on India’s Exports: SBI Report
