In light of the growing concerns over potential tariff hikes from the United States, Finance Minister Nirmala Sitharaman has outlined India’s strategy to protect its export sector. The tariffs could have serious consequences for industries like steel, textiles, and agriculture, which rely heavily on the US market.
Sitharaman revealed that the Indian government is working to formulate strategic solutions, including negotiating favorable trade agreements with other countries, reducing trade barriers, and boosting exports to emerging markets. There will also be an increased emphasis on promoting innovation within Indian industries to enhance their competitiveness. Additionally, the government is exploring ways to strengthen domestic manufacturing to meet both domestic and global demand.
