India’s 50% TARIFS is going to be affected by India about ₹ 4.22 lakh crore. In response, the Modi government has launched special outreach campaign in 40 big countries, in which countries like Germany, France, Italy, Spain, Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, UAE and Australias will be targeted. Under this campaign, Quality, Sustainable and Innovative Textile Products will be promoted in these markets to compensate for the damage caused by US and export hubs like Surat, Panipat, Tirupur, Bhadohi get support. India’s Textile Export is currently only 5-6% in the market of these countries, while India holds less than 4% stake in Global Textile Trade. India is trying to further strengthen its position with Free Trade Agreements and China Plus One strategy.

50% tariffs imposed by US President Donald Trump have become effective from today. This penalty has been implemented on India due to purchasing oil from Russia. However, the news of relief is that pharma, auto, auto parts and metal sectors have been exempted from this tariff. The pharma sector has been exempted from India in view of the huge demand for Generalic medicines and life-saving drugs from India. At the same time, vehicles and light trucks of companies like Tata Motors and Mahindra are also out of penalty. Metals like steel, aluminum and copper are also free from this tariff, which will provide relief to JSW Steel, Hindalco and Tata Steel. At the same time, Textiles, Shrimp and James and Jewelery sectors will have a huge impact. Now it has to be seen how long India can take advantage of this exemption and strengthen its position in the global market.