India must cut tariffs to stay competitive: US ambassador

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India must reduce high tariffs to stay competitive and attract investment amidst the US-China trade war, says outgoing US Ambassador Eric Garcetti.

Although American companies see potential in India's market, they find it easier to operate in Southeast Asia and Mexico.

Strengthening US-India relations, especially in defense and technology, remains crucial despite some challenges.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaChinaMexicoPakistanVietnam

Topics: India tariffs reduction Business news Trump trade war China US ambassador to India Eric Garcetti US India trade relations

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 18:20:55 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 990 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25217590

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 30 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #28

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