Marketplace All-in-One As U.S. tariffs bite, India gives credit lifeline to exporters
Nov 13, 2025
Arunaday Mukherjee, a BBC correspondent in Delhi, discusses India's $5 billion credit line for exporters facing job losses due to U.S. tariffs, emphasizing the impact on sectors like textiles and jewelry. He also connects these tariffs to India’s purchase of Russian oil. Meanwhile, Arsenio Dominguez, Secretary General of the International Maritime Organization, shares insights on the stalled UN-backed shipping emissions levy and ongoing negotiations for decarbonizing the shipping industry, highlighting both the challenges and potential benefits.
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Credit Lifeline Targets Export Competitiveness
- India approved a $5 billion credit line to support exporters hit by steep U.S. tariffs.
- The scheme targets competitiveness and market diversification to help reach a $1 trillion export goal.
Give Collateral-Free Loans To SMEs
- Provide collateral-free loans to small and medium exporters so they can stay afloat and explore new markets.
- Run the scheme through March to give firms breathing room while they adjust to tariff-driven demand shocks.
Labor-Intensive Sectors Bear The Brunt
- Labor-intensive sectors like garments, jewelry and leather are the most affected and face reported job losses.
- Support concentrates on manufacturing hubs, including Gujarat, where export-dependent employment is at risk.