India’s exports affected by global duty fluctuations: Government

New Delhi New Delhi: India’s exports have slowed this fiscal year as global tariff-related developments have increased trade risks, impacting investment and trade flows. Trade policy uncertainties, geopolitical tensions and volatile commodity prices pose significant threats to next year’s growth outlook, the government said in its February economic report on Wednesday. However, the government maintained its growth forecast for fiscal year 2024/2025 at 6.5%.

India’s fiscal year runs from April to March. The government said talks are underway between India and the United States to mitigate the impact of overall global tariffs proposed by President Donald Trump, which will take effect from April 2.