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Barclays warns that US President Donald Trump's 50% tariffs pose a 'serious threat' to 70% of India's exports to the US. While smartphones and pharmaceuticals are currently exempt, key sectors like electrical machinery and gems & jewellery face significant challenges. India is exploring strategies such as GST rate reductions, reactivating credit schemes, and diversifying export markets through FTAs to mitigate the impact.
Domestic demand remained buoyant, as reflected in FMCG sales, UPI transactions, and vehicle sales, supported by strong rural consumption, strengthening urban demand and favourable monsoon conditions.
European Commissioner for Trade Maros Sefcovic is scheduled to visit India next month to evaluate the progress of free trade agreement negotiations with Commerce Minister Piyush Goyal. This visit coincides with the 13th round of talks i ...more
India and the US are engaged in trade pact discussions, navigating sensitive issues to reach an agreement. India is firm on protecting its farmers, fishermen, and small businesses, while the US seeks lower tariffs and greater market acc ...more
Amitabh Kant views US tariff hikes as an opportunity for India to implement significant reforms and diversify export markets for long-term growth. He dismissed claims linking tariffs to Russian oil purchases, highlighting the need for i ...more
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