According to government sources, exporters provide positive feedback on export orders, signaling optimism about increasing trade opportunities.
Sources also revealed that the US could retaliate against China’s tariff measures on certain products. The US Trade Representative and the US Department of Commerce are expected to assess the situation and recommend potential actions. If the US imposes measures against Chinese goods, it could further increase demand for Indian exports and provide competitive advantages for Indian manufacturers.
As tariffs increase the costs of Chinese products in the US market, Indian exporters are poised to harness the changing trade dynamics. However, the extent to which India can fully utilize this situation remains uncertain.
This is not the first time India has benefited from trade tensions between the two economic giants. During the previous US-China trade war, India appeared as the fourth largest trade beneficiary. India’s exports have skyrocketed from $51.63 billion in 2021 to $767.1 billion in 2022, reflecting significant profits. Given this precedent, India is hoping for similar results this time.
