Graphic: Naveen Kumar Saini/MintUS President Donald Trump has threatened to impose retaliatory tariffs on Indian goods, if we do not lower our duties on American exports. If the threat is carried out, it will exacerbate an already difficult situation for Indian exports. It shows that Indian exports of goods and services as a percentage of GDP went up steadily during the last boom till the September 2008 quarter. No such improvement is visible in Indian exports. The survey also added, however, that the biggest source of upside potential for Indian growth lies in exports.

Source: Mint March 12, 2018 02:15 UTC