Tag: US tariffs on india

U.S. tariff impact: India sees Asia’s biggest earnings downgrades

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U.S. tariff impact: India sees Asia’s biggest earnings downgrades

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…

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Business

Russia welcomes Wang Yi’s visit and the positive turn in India-China ties

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Russia welcomes Wang Yi’s visit and the positive turn in India-China ties

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…

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World

Govt may roll out ₹2,250 crore export promotion mission soon: Official

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Govt may roll out ₹2,250 crore export promotion mission soon: Official

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…

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Business

Punitive U.S. tariffs could cause Kerala economy to regress into COVID-19 era, says State Finance Minister

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Punitive U.S. tariffs could cause Kerala economy to regress into COVID-19 era, says State Finance Minister

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,…

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Business

Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

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Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

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…

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Business