Image used for representative purpose only. | Photo Credit: Reuters The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. “We are in dialogue with exporters to see how we can support them…
The United States imposed 25% reciprocal tariffs on India’s exports with effect from August 7. On August 6, the U.S. imposed a penal levy of an additional 25% on India’s exports because India continued to import oil from Russia and this comes into effect on August 29, 2025. The two taken together can weaken India’s…
Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the Monsoon Session of the Parliament, in New Delhi | Photo Credit: ANI/Sansad TV Finance Minister Nirmala Sitharaman on Friday (August 8, 2025) withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the…
FIIs offloaded equities worth ₹4,997.19 crore on August 7, 2025, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty tumbled on Friday (August 8, 2025) amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex tanked 765.47 points or 0.95% to settle at 79,857.79. During the…
Kerala Finance Minister K.N. Balagopal | Photo Credit: S. MAHINSHA Kerala’s Finance Minister K.N. Balagopal on Friday (August 8, 2025) said the United States of America (USA)‘s punitive tariffs on India could send shock waves through Kerala’s economy. He said U.S. President Donald Trump’s “tariff bullying”, ostensibly to punish India for importing crude from Russia,…
Image for representational purposes only. U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said. | Photo Credit: Reuters U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said…
A few weeks back, India’s Finance Ministry declared the Indian economy to be in a “Goldilocks situation” — a rare alignment of moderate growth, subdued inflation and supportive monetary conditions. Analysts too, taking a narrow, quarterly view of the Indian economy conceded, marking this as a “mini-Goldilocks moment” for its macroeconomic position, spurred by 7.6%…
U.S. President Donald Trump at the White House in Washington, D.C., U.S., on August 7, 2025. | Photo Credit: Reuters U.S. President Donald Trump has said there will be no trade negotiations with India until a dispute over tariffs is resolved, following his administration’s decision to double tariffs on Indian imports. When pressed by ANI…
The U.S. has levied the third-highest tariff on India among the top 10 countries with which it has the highest trade deficits, an analysis has revealed. In other words, while the U.S. has a higher trade deficit with nine other countries than with India, it has levied higher tariffs on just two — China and…
Scott Wang, Vice President, Asia Pacific, for the World Trade Centers Association. Photo: Special Arrangement The increasingly inward looking attitude of countries around the world didn’t happen overnight, and is a result of the unequal growth that emerged from the ‘golden’ period of globalisation in the 1990s and 2000s, according to Scott Wang, Vice President,…
