The Indian Express reported on October 3 that Indian exporters have repeatedly sought relief from the Modi government due to "severe pain" caused by the 50% tariffs on products exported to the US, which have been in effect since their implementation. However, the relief measures are still in a state of deadlock. In the fiscal year 2024-25 (ending March 2025), the total value of India's exports to the US reached $87 billion (870 billion rupees). According to the Indian Ministry of Finance, the impact of the 50% tariff on goods exported from India to the US, which came into effect on August 27, 2025, would affect 55% of the exports of this fiscal year. Industry experts pointed out that labor-intensive sectors such as textiles, garments, and jewelry in India are hit the hardest, with a large number of orders to the US now flowing to Vietnam, Indonesia, and Bangladesh. Affected by this, Indian exporters have repeatedly requested the Modi government to introduce long-term relief measures to ease the pressure on businesses, but related schemes are unlikely to be introduced in the short term for three reasons: first, it is unclear how long Trump's high tariff policy towards India will last, making it difficult for the government to implement relief measures with an uncertain implementation period. Second, the Modi government believes that prudent fiscal policies are beneficial for more important medium- and long-term economic reforms in India. Third, there is a significant disagreement between the Ministry of Commerce and Industry and the Ministry of Finance regarding specific measures to reduce the tax burden on Indian companies. However, the Modi government is exploring other relief paths, including promoting exports of small and medium enterprises in India, relaxing quality control orders (QCOs) in certain areas, and reducing the compliance burden for small e-commerce exports. It is worth noting that although the US-India trade negotiations were restarted on September 16, the US has clearly stated that India's purchase of Russian oil remains its core concern.
Original: www.toutiao.com/article/1845158899151872/
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