India carefully examines implications of tariff hike by the US

New Delhi, Apr 3 (Prensa Latina) India is carefully examining the implications of the increase of tariffs to 26% on its products by the United States, despite the ongoing talks on trade, according to the Ministry of Industry and Commerce.

April 3, 2025
14:14

In a press release, the government agency said it is working with all stakeholders, including Indian industry and exporters, to receive their comments on the tariffs and assess the situation.

It stressed that the analysis will also be based on the government’s goal of making the country a developed nation by 2047.

Similarly, it stressed that the opportunities that may arise due to this new development in US trade policy are being studied.

In the note, the Ministry of Industry and Commerce recalled that last February during Prime Minister Narendra Modi’s visit, Mission 500 was agreed upon, which aims to double bilateral trade to US$ 500 billion by 2030.

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