Brief by Shorts91 Newsdesk / 04:12pm on 13 Jan 2026,Tuesday India Global
India will face minimal economic impact from Trump's 25% tariff on Iran-trading nations, government sources confirmed, as bilateral trade remains negligible at $1.6 billion just 0.15% of India's total trade volume. Iran doesn't rank among India's top 50 trading partners, with trade expected to decline further this financial year. India's exports to Iran totaled only $1.2 billion in 2024, representing 2.3% of Iran's $68 billion imports, dwarfed by UAE ($21B), China ($17B), and Turkey ($11B). Officials emphasized India's "extremely limited" trade exposure significantly reduces tariff fallout risks. This assessment comes despite India already facing elevated US trade pressures, including 50% tariffs on Russian oil purchases. (PC: X)
