U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

In a joint televised interview with billionaire Elon Musk, US President Donald Trump made it clear that India will not be spared from Washington's reciprocal tariffs.

While US tariffs on Indian goods have remained relatively stable over the years, India's tariff policies have been more dynamic.