New Delhi, March 11 -- US President Donald Trump last week announced that the US would end India's $5.6 billion trade concessions under the Generalised System of Preferences (GSP) programme. It was reported that the benefits would end in 60 days after notification to Congress and the Indian government. In support of its decision, the US accused New Delhi of not providing Washington "equitable and reasonable access" to its markets. So, how will the decision impact our exports?
The government has downplayed the likely effects of this withdrawal of benefits by the US for Indian exports. A top official from the Commerce Ministry reacted that the concessions availed under the scheme were "minimal" and therefore there would be no major impact on...