New Delhi, Aug. 28 -- India is hopeful that the United States will reconsider the additional 25 per cent tariff it has imposed on Indian goods as a penalty for India's Russian oil purchases.

The Indian government is actively engaging with exporters to increase shipments of key products like textiles, leather, and gems and jewellery to other countries, according to government sources. Officials indicated that financial assistance is likely to be provided to businesses affected by the high tariffs.

This week, the Commerce Ministry will hold meetings with exporters from several sectors, including chemicals, gems, and jewelry, to explore ways to boost exports to new markets. The ministry is also moving quickly to implement the Export Promot...