<ul data-eligibleForWebStory="false"><li>India is set to gain against China, Vietnam, and other manufacturing economies due to higher tariffs imposed on competitors, as per NITI Aayog.</li><li>The tariff differential, calculated as competitors' tariff minus India's tariff, is expected to benefit India in various product categories like electrical machinery, pharmaceuticals, and organic chemicals.</li><li>NITI Aayog's Trade Watch report for Q3 of FY25 indicates potential gains for India in exports to the US, calling for diversification of trade partners and faster free trade agreements.</li><li>The report also emphasizes reducing non-tariff barriers, fostering trade in services, and enhancing trade engagement with countries like Australia, Japan, South Korea, and ASEAN nations.</li></ul>

India To Gain Against China, Vietnam Due To High Tariff Differential: NITI Aayog

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