Minimizing the Impact of U.S. Tariffs on India’s Economic Growth: Strategic Responses and Policy Recommendations

Author:Nakshatra Gupta

Abstract:
Due to imports of goods and particularly textiles, gems, seafood, and electronics, the United States presents tariff levels that are very high to Indian exports and this presents a great challenge to Indian trade balance and GDP. This paper will examine the economic effects of these tariffs, examine the bilateral trade pattern between India and the U.S., and provide an internal policy action to alleviate the effect. It also analyses strategic potential of the India UK Free Trade Agreement (FTA) as hedge against U.S trade headwinds. By quantitatively supported thought and sectoral knowledge, the paper draws a plan on how India can be resilient in exports and its economy.

Keywords:U.S. Tariff Policy, India–U.S. Trade Relations, Trade Protectionism, Bilateral Trade Balance, Export Competitiveness, Indian Economic Growth, Tariff Shock, Sectoral Impact Analysis, Production-Linked Incentives (PLI), Trade Diversification, India–UK Free Trade Agreement, Free Trade Agreements (FTA).

DOI:10.46333/ijtc/14/2/10

International Journal of Trade & Commerce (Vol: 14 Issue:2)