New Delhi, April 2 -- A recent analysis by Global Trade Research Initiative (GTRI) highlights existing tariff differentials, noting that Indian farm exports to the US currently face a 5.3 per cent tariff, whereas US farm exports to India encounter a much higher 37.7 per cent, creating a 32.4 per cent gap.

Other sectors face similar imbalances, with pharmaceuticals facing an additional tariff of 10.9 per cent, diamonds and jewellery 13.3 per cent, and electronics 7.2 per cent.

"If the US implements a reciprocal tariff policy on India on April 2, India's exports of gems and jewellery-particularly studded gold jewellery and cut and polished diamonds-will be largely impacted," stated Kirit Bhansali, Chairman, Gems and Jewellery Export Promo...