Will India's exports be hit if US withdraws its preferential trade status?

India's GSP eligibility had been under threat ever since it was clubbed with Indonesia and Kazakhstan to be scrutinised by a sub-committee under the United States Trade Representatives

What is the Generalised System of Preferences (GSP)?

The GSP is the United States’ largest and oldest trade preference programme. Established by the Trade Act of 1974, the GSP promotes economic development by eliminating duties on thousands of products when imported from one of the 120 designated beneficiary countries and territories. Rolled out at a time when the US economy was booming, the programme sought to expand and cement the country’s trade relations with numerous nations across the global south, including the vast majority of African nations struggling with economic issues after independence. 

At the height of the cold war,