India considers lowering US medical device tariffs

economictimes.indiatimes.com

India is considering lowering tariffs on US medical devices to address potential US tariffs on Indian exports. Currently, India imposes a 5-10% import duty on US devices, while the US has no duty on Indian imports. The Indian commerce ministry is exploring ways to facilitate easier market access for US firms. This includes discussions on reducing tariffs to zero, but industry experts express concerns about the impact on India's self-reliance in medical device manufacturing. The US is the largest supplier of medical devices to India, with imports rising significantly in recent years. Stakeholders are calling for reciprocal access to the US market, which currently has high regulatory barriers for Indian exporters.


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