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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.
Ongoing India-U.S. trade negotiations are critical in addressing these issues, including the secondary and tertiary effects of high tariff by the US on Indian goods, the monthly economic review released by the Finance Ministry said.
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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