Thu, 03 Apr 2025

Thu, 03 Apr 2025 Can Trump's sweeping global tariffs spark a manufacturing boom in India?

Donald Trump's sweeping tariffs have shaken global trade, but can India turn disruption into opportunity?

* Indian goods will face tariffs of up to 27% in the US, starting April 9.
* This presents an opportunity for India in textiles, electronics, and machinery, as other countries like China, Vietnam, and Thailand face even higher tariffs.
* India can capitalize by attracting investment, scaling production, and boosting exports to the US.
* However, high tariffs have increased costs for Indian companies dependent on global value chains, hobbling their ability to compete internationally.
* To fully leverage these opportunities, India must enhance its ease of doing business, invest in logistics and infrastructure, and maintain policy stability.
* Experts point out that countries like Malaysia and Indonesia may be better positioned than India to benefit from tariff shifts.
* The US trade representative report criticizes India's regulatory approach, citing strict import rules, slow approval processes for genetically modified products, and intellectual property concerns.
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