New Delhi, Sept. 2 -- Indian textile losses due to the US tariffs are expected to be partly offset by export growth to the United Kingdom, supported by the India-UK free trade agreement (FTA), according to a report by Care Edge Ratings.

The exports are under pressure following the US government's decision to impose a 50 per cent tariff on Indian goods, effective from August 27, hurting the competitiveness of Indian exporters in the American market.

It stated "The expected decline in exports is likely to be compensated by increase in exports to UK aided by India-UK FTA, and ongoing FTA negotiations with the EU".

With the higher tariffs in place, some export orders are expected to shift towards competing countries such as Vietnam, Bangla...