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India gains US market edge as higher tariffs on China, Canada, and Mexico favor its exports.
India stands to gain significant market share in the US due to higher US tariffs on competitors like China, Canada, and Mexico.
NITI Aayog reports that India could become more competitive in sectors such as pharmaceuticals, textiles, and electronics, thanks to its tariff advantage.
The US and India are nearing an interim trade agreement that could lower proposed tariffs, aiding trade relations.
Despite potential challenges, especially in agriculture and dairy sectors, India sees opportunities to diversify exports and boost GDP through increased market shares in key sectors.
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India gana ventaja en el mercado estadounidense a medida que los aranceles más altos sobre China, Canadá y México favorecen sus exportaciones.