over 10 countries, including the US. THIS COMES AMID US PRESIDENT DONALD TRUMP’S SALVO OF “RECIPROCAL” TARIFFS FOR MOST countries. Though Paused for now, it WARRANTS CLOSER SCRUTINY OF INDIA’S FOREIGN TRADE SITUATION AND A CALIBRATED POLICY RESPONSE.
Exports were one of the four key engines for the Indian economy outlined by Finance Minister Nirmala Sitharaman in Budget 2025-26, but trade dynamics have since become the topmost priority for New Delhi in light of an increasingly uncertain global environment and new dynamics that bring in fresh volatility into the mix almost every other day.
