Noting that the countries were busy doing politics based on their economic self-interests, Prime Minister Narendra Modi on Monday asserted that his government will not let any harm come to the small entrepreneurs, farmers, and animal keepers and "whatever the pressure, we will keep increa
Around 70 per cent of India's goods exports to the US, equivalent to USD 60.85 billion, are now exposed to the 50 per cent tariff imposed by the US administration, according to an analysis by ICRIER.
Commerce Secretary Sunil Barthwal on Thursday confirmed that India is actively engaged in negotiations with the US to expand trade and investment, deepening the India-US trade relationship.
Former diplomat Vikas Swarup said on Wednesday that Pakistan is rattled by India suspending the Indus Waters Treaty and Pakistan Army Chief Asim Munir has tried to stoke fear of nuclear war because Islamabad always wants external mediation.
Congress leader Rahul Gandhi on Wednesday slammed the United States for imposing an additional 25 per cent tariff on India for buying Russian oil, terming it "economic blackmail" to bully New Delhi into an unfair trade deal.
Indian exports to the US are projected to decline by nearly 30 per cent, from USD 86.5 billion in 2024-25 to about USD 60.6 billion in 2025-26, as the new 25 per cent reciprocal tariffs come into effect, according to Global Trade Research Initiative (GTRI).
With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified 'penalty', India's textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Sr
Experts from across Indian industries have expressed confidence in the resilience of the Indian economy amid the US President Donald Trump's decision to impose a 25 per cent tariff on Indian goods, describing the move as impactful in the short term but unlikely to dent India's long-term econ
Speaking about the challenges facing India's export-dependent sectors, Dawra highlighted concerns for labour-intensive industries, including electronics, jewellery, pharmaceuticals, textiles, and leather goods, that could be significantly impacted by changing trade dynamics.
The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.
The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.
While some trade and industry leaders warned of short-term disruptions, others expressed confidence that India's strong manufacturing base, especially in sectors such as pharmaceuticals and medical equipment, would help it withstand the impact and forge new trade partnerships.