India’s Finance Minister, Nirmala Sitharaman, has reassured Indian exporters about the government’s readiness to protect them from the impending threat of higher tariffs imposed by the United States. With US lawmakers considering a rise in tariffs on Indian goods such as textiles, steel, and pharmaceuticals, the Indian government has started to take proactive steps to counter these potential challenges.

Sitharaman confirmed that India is engaging with global trade bodies like the WTO to ensure that the US tariffs do not violate international trade agreements. Additionally, the Indian government is looking to diversify its export markets by targeting newer regions such as the Middle East, Southeast Asia, and Africa to reduce dependency on the US. Export credit facilities and financial aid are also being reviewed to provide relief to industries that are most vulnerable to the tariff hikes.