Understanding the Impact of GSP Withdrawal on India’s Top Exports to the US
This brief analyses the impacts of the withdrawal of the United States’ Generalized System of Preferences (GSP) programme on India’s exports, domestic production and employment.[1] Until 5 June 2019, when the GSP withdrawal came into effect, India was the largest beneficiary of the GSP of which it had been part since 1974. A decline in exports to the US was anticipated as items under zero-tariff rate were subjected to a higher rate after wi