Economy
Chief Economic Adviser (CEA) V Anantha Nageswaran has downplayed fears of widespread job losses stemming from the recent 50% tariff hike imposed by the United States on Indian exports, stating that the impact will be “largely confined to export-oriented units” and is unlikely to be significant. However, he cautioned that the upcoming quarters could see…
Union Commerce and Industry Minister Piyush Goyal has issued a candid call to Indian businesses, urging them to step out of their “cosy comfort zone” created by the vast 1.4 billion-person domestic market and actively pursue global opportunities. Speaking at the India-UAE Business Interaction event organized by the Confederation of Indian Industry (CII) in Mumbai…
India is intensifying efforts to expand its rice exports to the Philippines, the world’s largest importer of the grain, in a strategic push to tap into a high-demand market and offset recent global trade disruptions. With a delegation of top Indian exporters set to visit the Southeast Asian nation in early September, the move signals…
India’s industrial sector recorded its fastest pace of growth this fiscal year, expanding by 3.5% in July, driven primarily by a robust performance in the manufacturing segment. According to official data, manufacturing activity, supported by strong domestic demand, improving supply chains, and government-led infrastructure push, has become the backbone of industrial recovery. This growth momentum…
In a move that has sent shockwaves across global trade corridors, former US President Donald Trump’s administration has rolled out 50% tariffs on imports, impacting India’s export-driven industries. The tariffs, part of Trump’s aggressive trade stance aimed at “reshoring American manufacturing,” are already beginning to reshape global supply chains. India, one of the key trade…
India’s leather industry, valued at over $4.1 billion annually, is undergoing a strategic shift as exporters grapple with a steep 50% tariff imposed by the United States on leather and footwear imports. With nearly 20% of India’s leather exports previously destined for the US, the sudden escalation in duties has triggered urgent efforts to diversify…
Global financial services firm Nomura has revised India’s GDP growth forecast for FY26 down to 6%, citing the adverse impact of the United States’ 50% tariff on Indian exports. The downgrade comes amid rising concerns over the vulnerability of key sectors such as textiles, gems and jewellery, and micro, small and medium enterprises (MSMEs), which…
With the United States imposing a steep 50% tariff on Indian exports starting August 27, 2025, the Commerce Ministry has initiated a series of high-level consultations with industry stakeholders to explore shipment diversification and mitigate the impact on key sectors. The move comes amid mounting pressure on India’s export-driven industries, particularly textiles, gems and jewellery,…
India’s economic momentum appears to be cooling, with gross domestic product (GDP) growth likely slowing to 6.7% in the April–June quarter of FY26, according to a Reuters poll of 70 economists conducted between August 18–26. The moderation comes amid subdued private investment, weak industrial activity, and global trade uncertainties, despite a rebound in government capital…
India is bracing for a major economic jolt as the United States’ 50% tariff on Indian exports officially takes effect on August 27, 2025. The move, widely seen as a retaliatory measure against India’s continued purchase of Russian crude oil, has triggered concerns across sectors and prompted a strong response from Reserve Bank of India…
