Lower U.S. Tariff on Indian Goods Could Support Labor-Intensive Sectors -- Market Talk

Dow Jones

02/03

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)

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