New Delhi, Feb. 17 -- The impact of U.S. tariff reciprocity on Indian exports is expected to be minimal, despite concerns over trade restrictions, according to a report by State Bank of India.

The report highlighted that even if the U.S. imposes higher tariffs in the range of 15 to 20 per cent, the overall decline in Indian exports to the U.S. is estimated to be only around 3 to 3.5 per cent.

It said, "Our estimates show overall incremental tariff levels even at 15-20 per cent imposed by USA would still limit the impact on exports to US only in the range of 3-3.5 per cent which again should be negated through higher export goals".

As per the report the experts believe that this impact can be offset by India's strategic export diversifi...