New Delhi, Feb. 3 -- Tariff relief in trade with the United States (US) opens up an export opportunity of nearly USD 50 billion for India, particularly in labour-intensive sectors that had come under pressure in recent months, Confederation of Indian Industry (CII) President Rajiv Memani said on Tuesday.

"With the US being India's largest trading partner, easing of tariff-related uncertainty is expected to arrest the decline in key export segments such as garments, leather, gems and jewellery, fisheries and auto components, while also strengthening the broader India-US trade and investment relationship," he said.

Memani noted that the United States, the world's largest economy, is also India's largest trading partner, with total Indian ...