US President Donald Trump has slapped 50 per cent tariffs
In an answer to Congress MP Adoor Prakash's question, Jitin Prasada, the Union Minister of State for Commerce and Industry, told the Lok Sabha that the government has estimated that around $48.2 billion of Indian exports to the United States, as per the trade value of 2024, will be subjected to tariffs.
As Indian exports to

India's approximate exports to the United States for 2024.
Previously, Bloomberg Economics had projected that Trump’s 50 per cent tariffs could affect 60 per cent of India’s US exportsand lower the GDP growth for the
The United States is the largest export destination for Indian goods, accounting for around 17-18 per cent of all Indian exports. India also has a trade surplus with the United States, particularly in pharmaceuticals, textiles, and engineering goods.
While Prasada did not answer about retaliatory measures, he said, "Government is committed to secure and advance country’s national interest and protect the welfare of our farmers, workers, entrepreneurs, exporters, MSMEs and all sections of
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Separately, the government has proposed changes to the goods and services tax (GST) regime to make up for the losses from tariffs to some extent and spur consumption-led growth.