No subsidy lifeline? Govt pushes for "innovative ways" to help exporters tackle Trump tariffs

Amidst concerns over US tariffs, the Indian government is exploring alternative support measures for exporters, ruling out direct subsidies. Commerce Minister Piyush Goyal has suggested banks reassess risk models for small exporters and is considering reduced testing fees for MSMEs. Industry groups warn of potential hits to textiles, leather, chemicals, and engineering goods, estimating a possible ₹34,000 crore annual impact.