Lower U.S. Tariff on Indian Goods Could Support Labor-Intensive Sectors -- Market Talk
Dow Jones02-03 12:53
0453 GMT - Reduced U.S. tariffs on India will likely boost the South Asian country's competitive position in global markets, says HDFC Securities' Dhiraj Relli in commentary. The U.S. cut duties on Indian goods to 18% from 25%, a rate lower than those of several major Asian trading partners, says the managing director and chief executive. That should support growth in India's labor-intensive and export-oriented sectors, such as textiles, engineering goods, and gems and jewelry, Relli adds. The deal could also offer greater stability to the rupee and domestic markets, he says. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 23:53 ET (04:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments