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
Senior Congress leader and former Maharashtra Chief Minister Prithviraj Chavan on Friday criticised the Indian government's response to US President Donald Trump's remarks on India's economy and the recent imposition of 25% tariffs on Indian goods.
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
New Delhi [India], August 1: BLT Logistics Limited, engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. As on FY25, the company owned operational fleet of 106 vehicles having capacity ranging from 3.5MT t
Indian pharmaceutical manufacturers are preparing a two-pronged strategy to offset the impact of the soon-to-be-effective 25 per cent US tariff on Indian goods, which includes drug exports, with industry experts anticipating that the move could significantly raise medicine costs in the Ameri
The Goods and Services Tax (GST) collections in July, in gross terms, rose over 7.5 per cent to about 1.95 lakh crore compared to about 1.82 lakh crore in the same month last year, according to official data released Friday.
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.
In an exclusive interview with ANI, he said that the tariffs won't have a significant disruptive impact on the US economy, given India's relatively small share of US international trade, around 2.5%.
Chinese cargo flights to Europe are under scrutiny over concerns they may be linked to forced labour involving Uyghurs. Rights groups fear goods made through abuse in Xinjiang could be reaching global markets undetected.
The executive order signed by President Donald Trump on Thursday has imposed flat 25 per cent tariff on all goods from India, with no product-level exemptions, according to a report by the Global Trade Research Initiative (GTRI).
The US's move has raised concerns about India's export outlook, as the US is one of the country's largest export destinations. The fresh round of tariffs has sparked fears that Indian products will become more expensive in the US market, making them less competitive compared to goods from ot