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The new tariff on Indian goods, which Donald Trump increased to 50%, is set to take effect in 21 days.

Only 2% of India's GDP, or less than 20% of the country's overall commodities exports, were sent to the United States.

The tariff exemptions for semiconductors, electronics, and pharmaceuticals had led economists to predict a "marginal downside" impact to the Indian economy in the past.
Although just 20% of India's merchandise exports, or 2% of GDP, are headed towards the United States, some industries are disproportionately exposed. According to UBS, the $8 billion in exports that are most at risk are those of chemicals, textiles, clothes, jewels, and jewelry.

Due to India's diverse trade around the world, economists had predicted that the previously announced import tariffs would likely have a "marginal downside" effect on the country's economic expansion.