MSME export support schemes India

Nomura Cuts India’s GDP Forecast to 6% as US Tariffs Threaten Textiles, Gems, and MSMEs

Business News Desk5 months ago5 months ago04 mins mins

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…

Commerce Ministry Engages Exporters on Diversification Strategy as 50% US Tariffs Take Effect

Business News Desk5 months ago5 months ago04 mins mins

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,…

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MSME export support schemes India

Nomura Cuts India’s GDP Forecast to 6% as US Tariffs Threaten Textiles, Gems, and MSMEs

Commerce Ministry Engages Exporters on Diversification Strategy as 50% US Tariffs Take Effect