Recent US tariffs have adversely impacted Indian firms and workers, creating significant uncertainty.
India's Economic Survey 2025-26 documents how the Trade Policy Uncertainty Index rose 1,165.6 percent year-on-year in April 2025 — the highest since 1960.
This brief explains that while India has successfully implemented several trade agreements to diversify its export markets and reduce over-dependence on any single country, it needs a standing policy to support the workers and firms bearing the heaviest adjustment costs: https://www.orfonline.org/expert-speak/why-india-needs-a-national-labour-adjustment-assistance-policy
orfonline.org
Why India Needs a National Labour Adjustment Assistance Policy
August 31, 2026 368
