While the exporters attempt to minimize the impact of tariff threat remained key reason, other positive elements including Free Trade Agreements such as India-UAE CEPA and reduced duties on imports for raw materials also played a pivotal role | Photo Credit: FRANCIS MASCARENHAS Gems and jewellery exports increased five per cent last month to $2.12 […]
) Chief negotiators of India and the US have commenced talks on the proposed trade agreement to iron out issues in the wake of steep tariffs that have created uncertainties for exporters, an official said on Tuesday. Brendan Lynch, the Assistant US Trade Representative for South and Central Asia, is leading the American team, while […]
The government’s proposed Export Promotion Mission, designed to shield Indian exporters from global trade shocks, is set to be placed before the Union Cabinet for approval soon, sources told PTI. Inter-ministerial consultations on the scheme have been completed.The mission, first announced in the Union Budget, is expected to offer about Rs 25,000 crore worth of […]
A parliamentary panel has recommended that India should consider renegotiating or even exiting the Information Technology Agreement (ITA) under the World Trade Organization (WTO), pointing to the US’s unilateral exit from WTO obligations and use of tariffs to protect its domestic industry as a possible template, sources told PTI. The Standing Committee on Communications and […]
US President Donald Trump (R) and Chinese foreign minister Wang Yi (R) China has hit back strongly at the Donald Trump-led US after Washington called on its Nato allies to impose major sanctions on Beijing — 50 to 100 per cent — alleging China’s role in funding Russia and adding to its lethal potency in […]
India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news agency […]
The US ambassador-designate to Delhi, Sergio Gor, emphasised that India’s role as a strategic ally will influence regional and international developments. (AI image) US President Donald Trump’s nominee to be the American ambassador to India, Sergio Gor has said that India-US trade deal issues will be sorted within weeks. At a Senate committee hearing for […]
India’s merchandise trade deficit is likely to ease marginally in August 2025, supported by a rise in gold imports ahead of the festive and wedding season, according to a report by Union Bank of India.The report estimated the deficit at $26.1 billion in August, compared with $27.4 billion in July, noting, “Merchandise trade deficit likely […]
NEW DELHI: While the recent social media exchanges between PM Modi and President Donald Trump are being seen as signs of a possible recovery in India-US ties, Indian govt believes not enough attention has been paid to the “positive steps” in the relationship since Trump took charge.These measures, according to govt sources, have led to […]
GDP fluctuations caused by Donald Trump administration’s tariff-related factors mask the actual economic deceleration. (AI image) The US economy is slowing down, a fact that is now evident in ‘hard’ data according to Fitch ratings’ latest Global Economic Outlook report. “The US economy is slowing down. Our growth forecasts for both 2025 and 2026 are […]
