India, April 14 -- The recent decision by the Trump administration to exempt smartphones, computers, and other electronics from reciprocal tariffs offers a significant-albeit possibly short term-reprieve for global technology manufacturers and US consumers. While this move signals a tactical recalibration rather than a shift in broader trade policy, it is nonetheless a welcome development in terms of easing short-term supply chain disruptions, geopolitical tensions and US consumer resentment.

Continued underlying tensions and uncertainties may prompt global players to diversify their manufacturing base-creating a timely opportunity for India to emerge as a preferred alternative. Despite the dampening of near-term export euphoria, the lon...