Guwahati, Sept. 18 -- India's Chief Economic Adviser V. Anantha Nageswaran expressed optimism on Thursday that the United States may soon withdraw the 25% penal tariffs it imposed on Indian exports, potentially bringing relief to exporters grappling with high duties.

Speaking at an event in New Delhi, Nageswaran said he anticipates a resolution within the next 8 to 10 weeks, with a rollback possibly occurring by November 30.

"I don't base this on any concrete signal, but considering recent developments, I believe the US will lift the penal tariffs by the end of November," he said, clarifying that he offered this timeline as his personal assessment, not as an official commitment.

He also suggested that India may lower its reciprocal dut...