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India launches US$5 billion export package to mitigate impact of U.S. tariffs
India introduced a US$5 billion export support package to offset U.
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.