India strongly protested against potential US tariffs for importing Russian oil, arguing that it’s essential for affordable energy and national interest. The Ministry of External Affairs highlighted that the US and EU are unfairly targeting India while maintaining significant trade ties with Russia themselves, including energy and critical materials. India emphasized its role in stabilizing […]
India strikes back at Trump’s ‘more tariffs’ threat, says US targeting ‘unjustified’
India plans Rs 20,000-crore Export Promotion Mission to offset US tariff impact, boost global trade
3 months ago
India is set to launch a ₹20,000 crore Export Promotion Mission by September, aiming to protect exporters from global trade uncertainties. The initiative, driven by multiple ministries, includes measures for easy export credit, tackling non-tariff barriers, and promoting Brand India. This plan seeks to mitigate the impact of the US’s 25% tariff on Indian goods […]
Donald Trump’s recent moves suggest a softer stance on China, raising concerns among allies like India and Taiwan. Hosting Pakistan’s army chief, cancelling a Taiwan dialogue, and lifting Nvidia’s AI chip ban are seen as major shifts. Critics warn these concessions, driven by trade pressures and political deals, undermine long-term Indo-Pacific strategies and sideline key […]
Fitch Ratings reports a significant increase in US tariffs on Indian goods by 2025. This rise to 20.7% from 2.4% may hinder India’s economic expansion. Goldman Sachs has already lowered India’s growth forecasts. HDFC Bank also anticipates a GDP growth reduction. Moody’s Ratings suggests potential challenges for India’s manufacturing sector. However, India’s economy is expected […]
‘US itself indulging in trade with Russia’: India hits back after Trump’s latest tariff threat
3 months ago
India on Monday rejected U.S. President Donald Trump’s criticism over its Russian oil imports, calling the accusations “unjustified and unreasonable.” The Ministry of External Affairs said India turned to Russian oil only after traditional suppliers were diverted to Europe following the Ukraine conflict, and stressed that its imports are aimed at ensuring affordable energy for […]
The first cargo trial run occurred from Govardhan Bridge to Hatsingimari. MV VV Giri carried 300 metric tonnes of cement. Minister Sarbananda Sonowal called it a watershed moment. This resumes intra-state waterborne freight transport after a decade. Over 1168 kms of National Waterways in Assam are now operational.
Narendra Modi government faces Donald Trump’s tariff threats. Modi urges citizens to buy local goods. India continues Russian oil purchases despite US pressure. The US criticizes India’s ties with Russia and BRICS membership. India defends its relationship with Russia, emphasizing its independence. Trade negotiations with the US are expected. India prioritizes its farmers and industries […]
In response to the US imposing a 25% tariff on Indian goods, the government is urging exporters to develop homegrown brands and explore employment-linked schemes for sectors like marine products. Officials are also considering reducing testing charges for smaller exporters. The steep duty threatens a significant portion of India’s exports to the US, particularly textiles.
Indian exporters are worried about the 25 percent tariff imposed by the US. They have requested the government for financial aid and affordable credit. Sectors like textiles, marine, and food may face challenges. US buyers are cancelling or holding back orders. This could lead to job losses and a decline in India’s exports to the […]
Indian shrimp exporters are bracing for a tough time in the US market. This is due to new tariffs. These tariffs add to existing duties. Crisil Ratings anticipates a potential drop in export volume. Operating margins may also decline. Exporters are exploring alternative markets. The government supports the sector through schemes like PMMSY.