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India's exports to the U.S. face a potential 50% tariff increase after President Trump imposed an additional 25% duty on Indian goods due to India's oil purchases from Russia. This will significantly impact India's major exports, including engineering goods, gems and jewelry, textiles, electronics, and pharmaceuticals. Analysts predict a substantial reduction in India's GDP growth, estimating a 0.6 percentage point decrease. While some sectors currently have tariff exemptions, Trump's threats of future increases create significant uncertainty for Indian exporters, impacting their competitiveness against other nations like Vietnam and Bangladesh.

Prepared by Christopher Adams and reviewed by editorial team.