At the News18 Rising Bharat Summit, economists said US tariffs on key exporting nations offer India a rare opportunity. With global rivals like China, Bangladesh, and Vietnam facing steep tariffs, India can boost labour-intensive manufacturing to gain market share. While India’s current export volume is low, its relatively protected position now could help it become a major exporter — similar to the economic transformation that began in 1991.

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• India less hit by US tariffs due to low export volume, say economists.
• High US tariffs on competitors like Vietnam (46%) and Bangladesh (37%) open door for India.
• Labour-intensive manufacturing seen as India’s big chance to grow exports.
• India must boost manufacturing capacity fast to seize this moment.
• Economists call it a “1991 moment” — a potential turning point in India’s economic journey.
• Global supply chains shifting away from China due to anti-dumping measures.
• India already aligning regionally via BIMSTEC, BRICS — seen as strategic foresight.
• Vulnerable sectors like agriculture, dairy may complicate US trade talks.
• India lifted 450 million out of poverty post-1991 but lacks industrial revolution.
• Experts urge swift action before global trade realigns completely.