As U.S. tariffs by, India unveils a huge credit lifeline for exporters.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm William Lee Adams. Good morning. India's government has approved a $5 billion

credit line to support its struggling exporters. The package is designed to help industries

hit by

steep U.S. tariffs on Indian goods. It comes as Indian workers across sectors like textiles,

jewelry, and seafood face big potential job losses. The U.S. is India's biggest export market,

but there is still no sign of a much-anticipated trade deal between the two countries.

The BBC's Arunaday Mukherjee is

in Delhi, Arunaday, hi. Where's the money going to flow? Well, basically, the Indian government

has approved this credit scheme, largely to target medium and small businesses, especially in the

context of the U.S. tariffs, which continue to have a cascading impact on Indian exporters and the Indian economy.

And this is important because India's merchandise exports to the U.S. fell by over 10% to over $5 billion in September because of these tariffs.

The plan is that this credit scheme will run until March next year, giving collateral-free bank loans to exporters

to boost their competitiveness, to help them explore new and emerging markets.

The government feels that this will help India progress towards achieving its overall $1 trillion

export target.

Which sectors will benefit the most from the credit?

These are the labor-intensive sectors.

So you're looking at sectors like garments, like jewelry, leather goods, chemicals. These are the labor-intensive sectors. So you're looking at sectors like garments,

like jewelry, leather goods, chemicals. There are also been job losses that have been reported

in a lot of these sectors, especially in states where we have manufacturing and exporting hubs,

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