Prime Minister Narendra Modi on Monday held a detailed review meeting with senior officials and representatives of major export bodies following the United States’ decision to impose a 50% tariff on a range of Indian goods. The meeting, held at the Prime Minister’s residence, focused on mitigating the economic impact of the measure and exploring new markets to sustain India’s export momentum.
Officials from the Commerce Ministry presented an assessment of the sectors most affected by the tariff escalation, including textiles, pharmaceuticals, steel, and auto components. The Prime Minister was briefed on the possible implications for small and medium exporters and on the ongoing diplomatic engagement with Washington to seek a calibrated resolution.
Mr. Modi emphasised that India must reduce its reliance on a few large markets and accelerate efforts to diversify exports to regions such as Africa, Latin America, and Southeast Asia. He underlined the need to improve product quality, logistics, and compliance standards to strengthen India’s position in global trade. The Prime Minister also directed ministries to expedite discussions on pending free trade agreements with strategic partners. Industry representatives described the government’s response as “timely and reassuring”, expressing confidence that sustained diplomatic and policy measures would help cushion exporters against global trade shocks.
