New Delhi, Feb. 3 -- US President Donald Trump's decision to reduce reciprocal tariff on Indian goods, after months of trade tensions, is expected to significantly boost seafood and basmati rice exports.
Industry officials said that that lower tariffs would make Indian seafood and basmati more competitive in the US market, stimulate fresh orders, and improve price realisations.
They added that the policy move could also encourage higher production, greater investment in processing capacity, and stronger income support for aquaculture farmers. Exporters said the impact of the reduced tariff will be reflected mainly in the next fiscal year, as less than two months remain in the current one.
"Whatever orders exporters had in hand have alr...
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