New Delhi: The Prime Minister’s Office (PMO) will chair a high-level meeting on Tuesday to chalk out a strategy ahead of the United States’ decision to impose 50% tariffs on Indian goods starting Wednesday, as reported by India Today.
According to the report, the meeting will be led by the Principal Secretary to the Prime Minister and will focus on support measures for exporters who are expected to face significant challenges due to the sharp increase in duties. Officials are likely to deliberate on targeted assistance for specific sectors rather than broad-based interventions.
The agenda, as reported by India Today, includes discussion on sector-specific credit lines and cluster-based working capital funding to help micro, small, and medium enterprises cope with the impact. Export-oriented sectors such as textiles, leather, engineering goods, and chemicals are anticipated to be among the hardest hit by the steep hike in tariffs.
The PMO meeting comes amid rising concerns from industry associations about reduced competitiveness and shrinking margins following the U.S. move, which effectively doubles the existing duty rates. The government is expected to finalize a relief package or policy measures to mitigate the blow in the coming days, the report added.
