NextFin news, India's Chief Economic Advisor (CEA) V Anantha Nageswaran addressed concerns regarding the ongoing US-imposed additional 25% tariff on Indian goods during an Express Adda Extra session on Saturday, September 20, 2025.
Nageswaran highlighted that if the punitive tariff continues into the next fiscal year, it will create substantial difficulties for India's employment rates and overall economic growth. The tariff was initially imposed by the United States in August 2025 as a penalty related to India's purchase of Russian oil.
The CEA emphasized that the tariff's persistence would affect business engagements and border trade relations between India and the US, potentially slowing down economic momentum.
He also noted that resolving the tariff dispute is expected within the next eight to ten weeks, with hopes that the US may reduce the tariff rate from 25% to a lower figure, possibly between 10% and 15%, or remove the penal duty altogether by the end of November 2025.
Nageswaran's remarks come amid ongoing diplomatic and trade negotiations aimed at easing tensions and restoring smoother trade flows between the two countries.
The Chief Economic Advisor's statements were sourced from his live interaction at the Express Adda Extra event and corroborated by reports from The Indian Express dated September 20, 2025.
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