The Indian government has announced a US$5 billion scheme aimed at boosting export competitiveness amid punitive U.S. tariffs, which could trim 60-80 basis points off GDP growth this year, according to trade ministry estimates. The package focuses on textile, engineering goods and electronics exports, and includes duty-drawback enhancements and credit support. The move comes as trade negotiations with the U.S. remain tense and global demand remains uneven. The government seeks to safeguard jobs in labour-intensive sectors and protect export-oriented enterprises while external headwinds intensify.