In a significant development for India's seafood industry, the European Union has approved 102 additional marine establishments for exports, providing an immediate 20 per cent boost to India's seafood exports to the bloc, government officials said.
The textile industry in India urgently requires an incentive cushion as the recently imposed 50 per cent tariffs by the United States are too steep for exporters to absorb, according to a recent report by Emkay Research.
The freight wagon market in India is expected to nearly double by 2031, reaching Rs 250-300 billion from the current Rs 120-140 billion, driven by strong export potential and technological advancements, according to a report by SMIFS, a stock market company.
The increase in tariff rates by 50 per cent over the baseline, effective from August 27, 2025, is expected to hurt the competitiveness of Indian apparel exporters.
The outlook for the Indian apparel export industry has been revised to Negative from Stable by rating agency ICRA, following the upward revision in tariff rates by the US.
The recently announced next-generation Goods and Services Tax (GST) reforms will significantly benefit India's agriculture sector, particularly the rice industry, Indian Rice Exporters Federation's Vice President, Dev Garg, said.
US Commerce Secretary Howard Lutnick said India will eventually seek a trade deal with Washington despite continuing oil trade with Russia, warning that failure to support the US could lead to 50 per cent tariffs on Indian exports.
South Korea's economy has shown signs of recovery, with a 0.7 per cent growth in the second quarter of 2025, slightly surpassing the Bank of Korea's earlier estimate of 0.6 per cent, "thanks to stronger consumption and exports", Maeil Business Newspaper reported, citing the country's central
Maurice Obstfeld, a renowned economist and professor emeritus at the University of California, Berkeley, has expressed concerns over 'uncertainties surrounding' the South Korea-US trade agreement, announced in July 2025, under which South Korean goods will be subject to a 15 per cent tariff,
Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from various sectors stated that the reforms would make the Indian industry more competitive and directly benefit consu
The session 'Commercial Exports through India Post' comes at a critical time as Indian exporters face tariff uncertainties, particularly with the United States, which has imposed 50 per cent tariffs on imports from India.
This massive project will transport 50 billion cubic meters of natural gas annually from western Russia to northern China via Mongolia, and is expected to offset nearly half of Russia's lost gas exports to Europe since the Ukraine war began.