Currently, the USA is the prime trigger for India’s external economic growth. It is the biggest export destination of India. The trajectory of export growth is not sporadic. The USA pitted as the  biggest importer of Indian merchandise continuously for over a decade.  

Even during Trump’s first period (2017-2020), overall growth in export was sustained, albeit Trump’s protectionism. Exports to USA bowed the seeds of progressive  growth for India ‘s external economy  year-by-year, largely balancing India’s big imports. Its share in India’s exports leaped from 12.4 percent in 2013-14 to 17.7 percent in 2023-24.

To this end, India’s over-dependence on the USA signals alarming  with Trump’s fierce tariff war and anti-immigration policy.   Nevertheless, the situation is not as grim as it has been hyped. Factors attributed to the resilience are the export basket and indispensible qualitative Indian IT services at reasonable cost.    

The stunning growth in exports, arresting Trump’s hubris, attributes to product characteristics in the export basket. They are diamonds, readymade garments, textiles, drugs and pharmaceuticals and petroleum refinery products.

In most of these products in the export basket, Trump’s high tariffs could prove as a boomerang, leaving American consumers facing higher prices. For example, diamonds........

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