CITI has urged urgent government support as India’s textile and apparel exports face a 50 per cent US tariff from August 27.
Chairman Rakesh Mehra highlighted risks to jobs, forex earnings, and the $100 billion export target for 2030.
The US accounts for 28 per cent of India’s exports (~$11 billion in FY25).
While firms diversify, CITI seeks fiscal aid and raw material policy relief to offset the blow.
Chairman Rakesh Mehra highlighted risks to jobs, forex earnings, and the $100 billion export target for 2030.
The US accounts for 28 per cent of India’s exports (~$11 billion in FY25).
While firms diversify, CITI seeks fiscal aid and raw material policy relief to offset the blow.
