Garments, jewelry, shrimp: India’s core exports hit U.S. tariff wall

Steep U.S. tariffs on garments, jewelry, and shrimp may slash India’s exports by 30%, hitting labor-intensive sectors hardest.

Representative image / Image - Unsplash

India's vital garment and textile sectors, along with other labor-intensive industries, are facing a severe crisis as a new U.S. tariff regime is projected to slash the country's exports by nearly 30 percent this fiscal year.

According to a report from the Global Trade Research Initiative (GTRI), a new 25 percent country-specific tariff, combined with an additional unspecified penalty, puts Indian exporters at a significant disadvantage compared to regional rivals. The think tank forecasts a sharp decline in Indian exports to the U.S.—its largest trading partner—from $86.5 billion in FY2025 to around $60.6 billion in FY2026.

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