As of October 2024, participating firms had produced $151.
Trump's threat of reciprocal tariffs on countries like India that have a trade surplus with the U.S.means the export sector is increasingly challenged, said Dhar."There was some amount of tariff protection ...and all that is going to be slashed.
As an alternative, India is considering supporting certain sectors by partially reimbursing investments made to set up plants, which would allow firms to recover costs faster than having to wait for production and sale, another official said.
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