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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,…
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…
Read More “Export units at Tirupur, Noida, Surat halt production amid high U.S. tariffs: FIEO” »
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…
Read More “RBI open to help tariff impacted sectors, says Governor Malhotra” »
Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks…
Read More “U.S. tariff impact: India sees Asia’s biggest earnings downgrades” »
Roman Babushkin, charge d’affaires at the Russian embassy in India, attends a press conference in New Delhi, India, August 20, 2025. | Photo Credit: Reuters Russia has welcomed Chinese Foreign Minister Wang Yi’s visit to India and the positive turn in India-China relations, a senior Russian diplomat said here on Wednesday (August 20, 2025). Addressing…
Read More “Russia welcomes Wang Yi’s visit and the positive turn in India-China ties” »
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…
Read More “Govt may roll out ₹2,250 crore export promotion mission soon: Official” »
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,…
India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had…
Read More “Indian fuel exports escape Trump’s tariff net, no Russian penalty yet” »
