The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
"It will definitely have implications for our exports. I think it is incumbent on the Finance Minister to make an analysis and uprise the House and the nation on what these implications will be and how they will affect our economic growth," the Congress MP told ANI.
Congress MP Gaurav Gogoi on Thursday moved an adjournment motion in the Lok Sabha, seeking an immediate discussion on the United States' decision to impose retaliatory tariffs on Indian exports. The move follows US President Donald Trump's announcement of a 26% reciprocal tariff on Indian go
According to new U.S trade policy announced by President Donald Trump on Wednesday, how much a country pays in tariffs will depend on the type of goods being exported and their origin, says GTRI founder Ajay Srivastava.
Indian textiles, engineering goods, electronics, and gems & jewellery sector exporters are expected to hit hardest by the tariffs announced by Donald Trump, said Ajay Bagga, a banking and international stocks expert, in an exclusive conversation with ANI.
Prime Minister Narendra Modi on Tuesday referred to India's record defence exports in the financial year (FY) 2024-25 as "a proud milestone" in the journey towards the country's self-reliance.
Mahindra's Utility Vehicles (UV) segment saw domestic sales of 48,048 units, reflecting an 18 per cent increase from March 2024. The total sales, including exports, stood at 50,835 units. Meanwhile, the company's domestic commercial vehicle sales reached 23,951 units.
The United States Trade Representative (USTR) has highlighted several trade and regulatory challenges in Monday's National Trade Estimate (NTE) Report, raising concerns over India's tariffs, non-tariff barriers, intellectual property policies, digital trade, and transparency.
India could see a loss of around USD 6 billion, or 0.16 per cent of its GDP, in exports to the US if broad tariffs of 10 per cent are enacted, Emkay Global, a research & investment firm, said in a latest report.
Indian mining and Construction Equipment (MCE) industry experience muted volume growth of about 3 per cent in first 11 months of FY2025, a notable decline compared to 26 per cent growth in both FY2024 and FY2023.