<ul><li>India is hopeful that the reciprocal tariff issue will be sorted out through possible carve-outs and exemptions for the country.</li><li>The Indian government is engaged with stakeholders to assess the impact of the tariffs and explore opportunities arising from the new US trade policy.</li><li>India's IT sector remains unaffected by US tariffs, but manufacturing and exports face hurdles, say experts.</li><li>Discussions are ongoing between Indian and US trade teams for a mutually beneficial Bilateral Trade Agreement to boost trade, investments, and technology transfers.</li></ul>

Govt, industry scrutinising impact of Trump’s reciprocal tariffs on India

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