10% US tariff on India: What it means for the country's exports

The United States has imposed a 10% tariff on Indian goods under Section 301, but economists believe the immediate impact on India's exports will be limited.While the move offers some relief compared with higher tariff proposals, they say that the real challenge lies in reducing the country's dependence on a single export market by broadening its global footprint while continuing to deepen trade ties with the United States.They added that the latest decision provides much-needed certainty after months of shifting tariff proposals, but stressed that sustained export growth will depend more on competitiveness and export diversification than on marginal changes in tariff rates.Tariff cut is a positive stepEconomist Sunil R Parekh told ANI that the reduction in tariff should be viewed as a positive outcome, adding that it reflects India's efforts to put forward its case before the US administration.