High US import duty will hurt, but there’s much India can do to mitigate the impact. Diversifying the products basket, making small producers nimble & smartly promoting tourism will all go a long way
Thursday onwards, nearly all Indian exports to US will face a 25% tariff on top of standard US duties, plus an additional penalty. As such, India now faces one of the highest US tariff rates among Asian exporters, second only to China (30%), and far above Vietnam (20%), Bangladesh (18%), Indonesia (19%), and Japan and S Korea (15% each).