1. Negotiate Special Cuts with the US
India should push for reduced tariffs on key exports such as pharmaceuticals, auto parts, and textiles.
- These products are important for US consumers too, as they help keep prices affordable.
- A smart trade negotiation can turn this into a win-win deal.
2. Diversify Exports to Other Markets
India doesn’t have to depend only on the US.
- With new trade agreements signed with the EU, UAE, and Australia, Indian exporters already have fresh opportunities.
- Selling more to these regions will reduce over-reliance on the US market.
3. Support Exporters at Home
The government can make life easier for exporters through:
- Cheaper loans to improve competitiveness
- Faster GST refunds to improve cash flow
- Simpler customs procedures at ports to cut delays
This kind of support can give Indian businesses the edge they need in tough global conditions.
4. Focus on IT & Services
Unlike goods, services are not hit by import duties.
- India’s IT, consulting, and financial services are already strong globally.
- By pushing this sector further, India can protect jobs and foreign exchange earnings.
5. Strengthen Domestic Demand
Global trade is uncertain. To stay resilient, India must rely on its own people.
- By building a strong middle class with jobs, income growth, and better infrastructure, India’s domestic market can become its biggest strength.
- Even if exports slow down, local demand will keep industries running.
Conclusion
Tariffs from the US may look like a challenge, but they can also be a turning point. By negotiating smartly, diversifying exports, supporting businesses, and boosting its service sector and domestic demand, India can not only survive but also thrive in the new global trade environment.
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