The immediate impact of recent U.S. tariffs on Indian exports may appear limited, but their secondary and tertiary effects on the economy pose challenges that must be addressed, the Finance Ministry said in a report on Wednesday (August 27, 2025) amid the U.S. effecting a steep 50% tariff on shipments from India. Trump tariffs LIVE…
India is planning dedicated outreach programmes in 40 countries, including the UK, Japan, and South Korea, to push textiles exports amid a 50% tariff imposed by the U.S. on Indian products, an official said on Wednesday. Other nations include Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates,…
U.S. Treasury Secretary Scott Bessent. File | Photo Credit: Reuters Describing the India-U.S. relationship as “very complicated”, U.S. Treasury Secretary Scott Bessent on Wednesday (August 27, 2025) hoped that “at the end of the day, we will come together.” “This is a very complicated relationship. President (Donald) Trump or Prime Minister (Narendra) Modi have very…
The additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect Wednesday (August 27, 2025), bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday (August 25, 2025),…
A worker feeds raw cotton into an opener machine at a processing facility in Amritsar on August 25. | Photo Credit: AFP The story so far: Cotton, which is the main raw material for the textile industry, is grown by nearly six million farmers in India. In the wake of declining production, the Central government…
Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The U.S. duties on Indian goods will increase to 50% from August…
Representational file image. | Photo Credit: Reuters India’s hospitality industry witnessed a 12.9% year-on-year growth in Revenue per Available Room (RevPAR) during the April-June quarter of this calendar year, a report said on Tuesday. The hospitality sector delivered an exceptional 12.9% RevPAR growth on a year-on-year (YoY) basis with 10% sequential acceleration, demonstrating sustained recovery…
The Government said as part of “continuous efforts to moderate prices of wheat before the upcoming festive season”, the wheat stock limit is revised until March 31, 2026. | Photo Credit: YAMAM AL SHAAR The Union Food Ministry has further reduced the wheat stock limits for traders, stockists and processors on Tuesday and said the…
Photo: Facebook/Gokaldas Exports LTD India was emerging as a preferred sourcing hub, bolstered by competitive labour costs, a stable policy environment and the recently concluded India-U.K. FTA has offered a 12% duty advantage over competitors like China, said Mathew Cyriac Chairman, Gokaldas Exports, a Bengaluru-based apparel manufacturer for global brands. The global apparel market was…
Reserve Bank of India Governor Sanjay Malhotra speaks during the FIBAC banking conference in Mumbai, on August 25, 2025. | Photo Credit: Reuters Should the tariffs imposed by U.S. President Donald Trump kick in, the Reserve Bank of India (RBI), like in the past, would step in and provide financial support to worst impacted sectors…
