U.S. imposes a 50% tariff on 70% of India's exports, affecting $60.85 billion in goods.

Seventy percent of India's exports to the US, totaling $60.85 billion, are now subject to a 50% tariff imposed by the US. This significantly affects labor-intensive sectors like textiles, gems, auto parts, and agriculture. The ICRIER suggests a three-pronged response: strategic negotiations, immediate relief for affected sectors, and diversifying export markets.