The US plan to impose reciprocal tariffs will not have much impact on India and create several opportunities for the country, Niti Aayog Programme Director Pravakar Sahoo said on Friday.
Compared to Mexico, China and Canada, which account for 50 per cent of America's total imports, India is favourably placed, he added.
"We are looking at the data at a very dis-segregated level...these are preliminary results, but I can just give you the overview that we are not going to lose. This reciprocal tariff is not going to affect except very specific sectors and in fact, there are opportunities to really capture," he added.
Sahoo was speaking after the release of the second edition of Niti Aayog's quarterly trade watch.
He said that a detailed analysis of the reciprocal tariff plan's impact on India will be presented in the next edition of the report.
The three main competitors in the US market are - Canada, Mexico and China. They account for 50 per cent of the USA's total imports of USD 3