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US tariffs to have small, indirect impact on India: NITI member Virmani

Business Standard LogoBusiness Standard23h ago

US tariffs to have small, indirect impact on India: NITI member Virmani - Business Standard

Quick Summary:

The US reciprocal tariffs will have a small indirect effect on India given the domestic economy's low dependence on foreign trade, NITI Aayog member Arvind Virmani said on Friday.

"This (26 per reciprocal tariffs) will have a small indirect effect on India given our low trade dependence," he said.

He further said that in the medium term, the negative factors emanating from the imposition of tariff would be minimised with the implementation of the first phase of the proposed USA-India Bilateral Trade Agreement.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 16:01:17 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 800 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 40 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 27581524

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 172 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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