New Delhi, Feb. 17 -- Despite trade restriction concerns, a State Bank of India report predicts minimal impact on Indian exports from US tariff reciprocity, estimating only a 3-3.5% decline even with tariffs as high as 15-20%.

According to the analysis, the overall decline in Indian exports to the United States is only expected to be about 3 to 3.5 percent, even if the United States imposes higher tariffs of 15 to 20 percent.

It stated, "Our estimates show overall incremental tariff levels, even at 15-20 percent imposed by the USA, would still limit the impact on exports to the US only to 3-3.5 percent, which again should be negated through higher export goals."

The US remains India's largest export market, making up 17.7% of total exp...