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@article{183723,
author = {Gayatri Behera},
title = {Impact of Reciprocal Tariff by US on Indian Economy},
journal = {International Journal of Innovative Research in Technology},
year = {2025},
volume = {12},
number = {3},
pages = {2919-2922},
issn = {2349-6002},
url = {https://ijirt.org/article?manuscript=183723},
abstract = {The imposition of reciprocal tariffs by major trading partners, notably the US, Presents a multifaceted challenge and opportunity for the Indian Economy. While some predict a negligible Impact on Indias Overall GDP and Exports due to the Economy’s domestic demand focus and relatively closed nature, significant concerns arise for specific Export oriented sectors. Reciprocal tariffs can lead to reduced competitiveness and Export volumes in affected industries, potentially resulting in decreased revenue and job losses. However, they also creates an impetus for India to diversity it’s trade relationships, strengthen domestic manufacturing, and negotiate favourable terms in “Bilateral Trade Agreements”. The long term implications depend heavily on the severity of the tariffs, India’s retaliatory measures, and the effectiveness of it’s strategic response. The recent imposition of a 50% tariff by the US on Indian Export sectors, Especially those in dabur-intensive industries. Key affected sectors are – “Engineering goods, Textiles and Apparel, Pharmaceuticals, Auto Components and Parts, Seafood and Leather goods”.},
keywords = {Reciprocal tariff, Export- oriented sectors, Negotiate, Impetus, Imposition, Bilateral Trade.},
month = {August},
}
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