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The Indian government is evaluating the impact of new US tariffs on its exports, which have been set at 25% on various goods, including steel and automobiles, affecting approximately USD 47.2 billion in trade. Despite these challenges, bilateral merchandise trade has increased to USD 94.44 billion from April to November 2025, as India seeks to enhance export competitiveness and strengthen trade and defense relations under the Comprehensive Global Strategic Partnership. Key areas of collaboration include defense, technology, and higher education, with significant engagement from both nations' leaders.