With Donald J. Trump’s historic return to the White House as the 47th US President, the new administration’s likely focus on domestic job creation, shoring up US manufacturing, and strengthening supply chains are expected to present opportunities for India’s trade landscape. India stands to benefit, particularly in sectors like pharmaceuticals, textiles, and electronics, which are positioned to capture value as companies look to diversify away from China, a State Bank of India (SBI) report said. In the previous Trump administration, India saw the revocation of its Generalised System of Preferences (GSP) status which had enabled tariff-free exports on specific goods to the US. While the GSP status has not been reinstated, Indian exports in key sectors have continued to grow, underlining India’s resilience and adaptive approach. Footwear, minerals, and machinery exports to the US are on an upward trend, with footwear alone rising by 8 percent in FY23 compared to
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Anamika Mishra,
Sub Editor
