MUMBAI (Reuters) -The U.S. may soon scrap the penal import tariff on Indian goods and could also cut reciprocal tariff to 10-15% from existing 25%, India's Chief Economist Adviser V. Anantha Nageswaran said on Thursday.
"My personal confidence is that in the next couple of months, if not earlier, we will see a resolution to at least to the extra penal tariff of 25%," Nageswaran said at a event in Kolkata.
"It may also be the case that reciprocal tariff may come down to the level, which we were earlier anticipating somewhere between 10% and 15%."
(Reporting by Swati Bhat; editing by Sudipto Ganguly)
