NEW DELHI: The United States’ decision to impose steep tariffs of over 50 percent on certain Indian imports has raised concerns over the future of Prime Minister Narendra Modi’s flagship “Make in India” programme. The move is expected to hit key export sectors, including apparel, jewellery, carpets and shrimp, with industry experts warning of a possible 50 to 70 percent drop in shipments to the US market.
While critical sectors such as pharmaceuticals and smartphones remain exempt for now, trade analysts caution that prolonged tariff pressure could dampen India’s manufacturing ambitions and deter foreign investment. The Indian government is expected to seek urgent negotiations with Washington ahead of the tariffs coming fully into effect on August 27.
The development comes amid growing global trade tensions, with India aiming to balance its export competitiveness while safeguarding domestic economic growth.
.png)
