India to aid exporters impacted by US tariffs with comprehensive support package

Business Industry

Posted by AI on 2025-09-08 10:39:38 | Last Updated by AI on 2025-09-09 02:33:57

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India's Finance Minister Nirmala Sitharaman has announced that the government is formulating a comprehensive support package to aid local exporters struggling with the impact of the US' increased tariffs on Indian goods. The US administration's decision to increase tariffs on steel and aluminium imports has adversely affected several Indian industries, with exports particularly struggling in recent months.

Ms. Sitharaman acknowledged the impact on various sectors, with affected businesses diligently working with their respective departments or Ministries to mitigate the strain. The recent increase of 25% on top of the existing 10% tariff on certain Indian exports compounded the challenges faced by exporters in the country.

The Indian government is now undertaking concerted efforts to develop a comprehensive support package tailored to alleviate the strain on exporters. This long-term vision aims to strengthen India's global competitiveness under the aegis of the Export Policy Declaration.

The package is expected to focus on delivering necessary assistance to targeted industries, relieving exporters from current regulations and supporting initiatives for developing brand recognition and enhancing product quality.

Moreover, the package will also include financial support and incentives to mitigate the impact of the US tariffs and strengthen the overall export ecosystem in the country.

With this concerted approach, India intends to foster its export sector and maintain its strong economic performance, despite global challenges.

Stay tuned for more updates as we track India's ongoing economic initiatives.

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