India's trade with the U.S. grows despite losing preferential status, buoyed by supply chain shifts.

Despite losing its Generalized System of Preferences status under the Trump administration, India's trade with the US has shown significant growth, particularly in sectors like footwear, minerals, chemicals, and machinery. A State Bank of India report suggests that ongoing supply chain shifts and the potential return of a "Trump 2.0" could further boost India's exports in pharmaceuticals, electronics, and textiles. This growth indicates India's resilience and competitive edge in global markets.

November 12, 2024
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