Will the India-US trade deal actually revive labour-intensive exports as promised?
India and the US have moved toward a trade arrangement that industry bodies describe as reducing tariff rates on Indian exports to around 18%, down from the much higher levels imposed during a period of trade tension. Supporters expect this to boost labour-intensive sectors like textiles, footwear, and electronics. Whether exporters actually see this translate into higher orders depends on how durable the tariff reduction proves and how global buyers respond.
Industry body statements describe the deal as reducing US tariffs on Indian exports to around 18%.
Labour-intensive sectors like textiles and footwear are commonly cited as the biggest expected beneficiaries.
US trade policy under the current administration has shifted tariff levels multiple times in the recent past.