Washington, Oct 15
Reserve Bank of India Governor Sanjay Malhotra on Wednesday asserted that the 50 per cent US tariffs on India are “not a matter of huge concern” for India's growth.
Despite the 50 per cent tariff hike imposed by the Donald Trump administration, India's exports to the US rose to $45.82 billion in the first half of the current financial year (April-September), which represents a 13.3 per cent increase over the corresponding figure of $40.42 billion in the same period last year.
Trade talks resume days after the new US ambassador to India, Sergio Gor met Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval in New Delhi.