US Tariffs Cripple India's Diamond Exports, Industry Seeks Urgent Government Aid

• India's diamond industry faces severe crisis due to new 25% US tariffs, raising total duty to 50%.
• Exports plummeted by nearly 50%, leading to factory closures and over 150,000 job losses in Surat.
• Industry seeks urgent government support, including financial aid for workers and easing compliance norms.
• Exporters hope for an early Indo-US trade agreement to revive demand and retain skilled labor.

Why It Matters: Indian diamond industry needs immediate government intervention to mitigate US tariff impact and save jobs.