Overview

• New Delhi is finalising short-, medium- and long-term measures, including liquidity support, SEZ flexibilities, and operational e-commerce export hubs with an inventory model that permits third-party compliance and logistics.
• The combined 50% U.S. duty taking effect on August 27 is estimated to hit about $48–49 billion of Indian shipments, with labour-intensive clusters such as carpets, made-ups, apparel, gems and jewellery, leather and seafood most exposed.
• Medium-term steps focus on leveraging FTAs and intensified buyer–seller outreach, with exporter delegations targeting the EU, UK, UAE, Japan, Canada and Australia, plus new opportunities in Latin America, Africa, Eastern Europe and East Asia.
• CEA V. Anantha Nageswaran and DEA Secretary Anuradha Thakur say job losses should be contained and expect domestic demand, recent income-tax relief and forthcoming GST rationalisation to help offset export losses, with talks with the U.S. continuing.
• Officials indicate Covid-era style liquidity tools are under consideration and that support packages will be announced after consultations, as the GST Council convenes next week for a reform push.