The delegation of the Federation of Indian Export Organizations (FIEO), led by President SC Ralhan, includes Vice President Ravikant Kapur, Director General and CEO Ajay Sahai, Director Israr Ahmed of Farida Group, and Pankaj Chadha, Chairman of EEPC, EEPC, EEPC, MET Nirmala Sitharaman.
The delegation briefed the Finance Minister on the challenges faced by Indian exporters following the recent surge in tariffs imposed by the United States.
Larhan highlights the direct concerns of export communities, highlighting how higher tariffs affect market access, competitiveness and employment. He called for rapid and focused policy measures to relieve pressure from exporters, who play a crucial role in driving India’s economic growth and job creation.
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The Centre reiterates its commitment to exporters
Finance Minister Sitharaman assured the delegation that the central government was fully committed to supporting Indian exporters during this challenging period. She stressed that all possible measures will be explored to protect the interests of export communities.
Sitharaman also stressed the importance of maintaining workers’ livelihoods and urged industry leaders to assure employees of their work continuity amid global uncertainty. She confirmed that the government will expand its full support to maintain growth momentum and strengthen trade resilience in India.
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Exporters welcome government support
SC Ralhan expressed his gratitude, “The reassurance of the Finance Minister is an important confidence in the Brotherhood of Exports. Her commitment to the government will face the exporters shows that it shows priority to protect India-India’s trade interests and employment interests and employment priorities.”
Fieo reiterated its commitment to working closely with the government to address the current challenges, diversify export markets and further consolidate India’s position in global trade.
US tariffs on Indian goods 50%
U.S. President Donald Trump’s administration doubled its import tax rate to as much as 50%, effective Wednesday, with tensions with the two strategic partners. Responding to New Delhi’s purchase of Russian oil, the 25% tariff was added to the top 25% tax, affecting products such as clothing, gems and jewelry, footwear, sporting goods, furniture and chemicals. These are one of the highest U.S. tariffs in the world, comparable to Brazil and China.
The steep duty has raised concerns that exports of textiles, gems and jewelry, as well as machinery and equipment could take the biggest hit, potentially reducing India’s economic growth by 1%. It is worth noting that key sectors such as pharmaceuticals, semiconductors, electronic devices are still tax-free.
At the same time, the central government is actively working to mitigate the impact of tariffs. Measures include stimulating domestic demand through the proposed GST reduction rate and diversifying export markets to offset the adverse effects of U.S. tariffs.
