Hyderabad, March 10 -- U.S. President Donald Trump's announcement of reciprocal tariffs on India starting April 2 has caused serious concern in New Delhi. India's high import taxes on American goods have long been contentious, now affecting trade partners.

This move is not without its consequences. It puts exports like jewellery and pharmaceuticals at risk, potentially leading to a significant loss of $7 billion annually for India. The looming question is, how much will this trade war cost India? Can New Delhi negotiate a way out before the damage is done? This million-dollar question keeps policymakers and trade experts on their toes, underlining the potential gravity of the situation.

India currently charges much higher import taxes o...