Gandhinagar, Feb 9 || The trade agreement between India and the United States is expected to provide a substantial boost to Gujarat’s exports, with medium-term growth in certain sectors projected to increase by 100-150 per cent, officials said on Monday.
The reduction of US tariffs on Indian goods from 50 per cent to approximately 18 per cent is set to make Indian products significantly more competitive in the American market, generating higher demand.
Gujarat, already India’s leading export-oriented state under Chief Minister Bhupendra Patel and Deputy Chief Minister Harsh Sanghavi, is likely to see major benefits across textiles, gems and jewellery, chemicals, pharmaceuticals, engineering goods, and renewable energy sectors.
According to official estimates, “The textile sector stands to gain the most from this agreement. Lower tariffs will make Gujarat’s garments and home textiles far more competitive internationally. It is expected that medium-term exports will increase by 100-150 per cent."
Increased exports are anticipated to drive production growth in the state’s key textile clusters and attract new orders from the United States, increasing profitability for manufacturers.