Currently, India imposes a ** per cent duty on all garments, whereas the US tariffs range between * per cent and **.* per cent. If the US includes Integrated Goods and Services Tax (IGST) when calculating the total tariff levied by India, the disparity becomes even more significant.
According to a detailed analysis by the Apparel Export Promotion Council (AEPC), India enjoys a double-digit market share in ** garment HSN codes within the US market. These categories are now at risk due to the proposed reciprocal tariff policy. The AEPC has presented its findings to the Indian government to aid in formulating an appropriate response strategy.
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