Delhi - According to one analysis, if India is exempt from duties as high as those recently imposed on the European Union, it might benefit from up to $7 billion in exports to the United States. These benefits would, however, come at a negligible trade cost to the EU, which would only represent 1.3% of its $571 billion in 2024 exports to the US. India might mostly benefit from the pharmaceutical and jewellery industries, where the EU sends items valued at around $3 billion to the US each year.

Additionally, India might profit from seasonal . . .