India wants America to remove all tariffs on MFNs and country-specific-high and medium-labor-intensive goods. GTRI said in a report that these areas appoint millions of people, especially in rural and semi-urban areas, and India’s employment generation, MSME development and targets of women’s economic participation. , Photo Credit: Shivram V
The Indo-US conversation for a free trade agreement is expected to end soon and if the US does not discount the country-specific tariffs (26%) and rather reduces it by 10%, the Indian goods will attract 10%overload, effectively the Indian goods will attract 10%overload, effectively by increasing the tariff on Indian goods.
According to a GTRI report, India’s goods in FY25 increased to $ 86.5 billion in exports to the US, which ranked $ 77.5 billion to 11.6% in FY 2014. Industrial goods, especially from labor-intensive areas, are responsible for the wholesale of this business. The risk of high tariffs is particularly intense for labor-intensive sectors, which contributed more than $ 14.3 billion to 2024–2025. These include textiles ($ 5.33 billion), textiles and carpets ($ 2.38 billion), med-up and dressed fabrics ($ 2.95 billion), leather ($ 795 million), footwear ($ 461 million), semics and stoneware ($ 1.55 billion), and wood and paper article ($ 823 million).
These accessories attract some steep MFN tariffs – often between 8% and 20%, especially for clothing and shoes.
India wants America to remove all tariffs-on MFNs and country-specific-high and medium labor-intensive goods. The report states that
Published – July 02, 2025 08:22 pm IST
