India, March 11 -- With key sectors like pharmaceuticals and automobiles at risk, India could face an annual trade loss of up to $7 billion. There is an urgent need to find a diplomatic solution before it escalates into a full-fledged trade war

US President Donald Trump's announcement of reciprocal tariffs on India, set to take effect on April 2, has caused serious concern in New Delhi. India's high import taxes on American goods have long been a contentious issue, now straining trade relations further.

This move is not without consequences. It puts key exports such as jewelry and pharmaceuticals at risk, potentially leading to a significant annual loss of up to $7 billion for India. The looming question is: How much will this trade war...