Author: Shruti Tripathi
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India’s engineering exports’ future uncertain amid US tariff shock
Reciprocal tariffs more of a worry than Section 232 Engineering exports in FY25 hit record $116.75 bn India’s engineering exports, the single-largest contributor to the country’s foreign exchange earnings, are staring at a deep disruption after the United States’ sweeping tariff escalation in August. With effective duties of up to 50% now applied on most…