"US 50% Rate" India will be Trump's attack blunt, plan 40 broke, modi farm bets

The first and largest crisis due to the US tariff will be on the textile sector, as US President Donald Trump imposed a total of 50 percent tariff on India, of which 25 percent is good. India described this decision of America as unilateral and unjust. In addition, India has also begun to consider other options so that the effect of rates can be reduced. In fact, a large number of people in India are associated with the textile sector, which threatens the work of millions of people, as demand for clothing from America will decrease due to rates. If there is a decrease in order, its effect will be seen on production, which will directly affect the employment. Therefore, the Government of India is considering export exports to about 40 other markets, that is, other countries as an alternative to the US market. The news agency PTI said on Wednesday that India plans to enter 40 major markets, including Britain, Japan and South Korea to expand its textile exports and reduce the impact of 50 percent of the US -imposed rates. The purpose of expansion in 40 new countries is to expand its presence in traditional and emerging markets. The combined import of textile and clothing from these countries is $ 590 billion, which offers many opportunities for Indian exporters. Currently, India owns only 5-6% in this market. Loss of more than $ 48 billion has come to light this strategy at a time when Indian exporters are expected to have major losses. The government believes that 50% of US rates implemented from August 27 could cause more than $ 48 billion to their business. According to Mithileshwar Thakur, general secretary of the Apport Export Promotion Council (AEPC), the textile field was most affected. This is the region that exported goods worth $ 10.3 billion to the US in FY 2024-25. Has India’s textile sector dropped from the US market? Thakur further said that 25 percent of US rates were sufficient, but that the Indian textile industry was now completely out of the US market due to the implementation of an extra 25 percent tariff. Based on $ 37 billion exports, the size of the region in India is estimated to be $ 179 billion in 2024-25. Despite a total global textile import market of more than $ 800 billion, India has only 4.1 percent stake, which is sixth at the world level. Share this story -tags