New Delhi, Aug. 28 -- The immediate impact of the recently imposed US tariffs on Indian exports may appear limited, but the secondary and tertiary effects on the economy pose significant challenges that must be addressed, highlighted a report by the Department of Economic Affairs under the Ministry of Finance.

According to the report, the initial impact on exports is contained; the broader effects could emerge in areas such as supply chains, inflationary trends, and the competitiveness of Indian goods in global markets.

It stated, "While the immediate impact of recent US tariffs on Indian exports may appear limited, their secondary and tertiary effects on the economy pose challenges".

To navigate the challenging global trade environmen...