New Delhi, April 10 -- A 90-day pause in broad-based trade tariffs from US President Donald Trump validated India's 'wait-and-watch' approach to assessing how its exports to America, driven largely by electronics-specifically smartphones-will be impacted. Now, amid a direct stand-off between the US and China, India's electronics sector is poised to gain more impetus from Apple Inc., which, too, breathed a sigh of relief over the past 12 hours.

Alongside the paused tariff war globally, Trump further said at a press conference on Wednesday that he would "take a look" at the idea of exempting certain US companies from the impact of his import tax duties from nations around the world, including India.

"I'll take a look at it as time goes by...