Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
The engagement comes amid ongoing tariff tensions over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purchase of Russian oil.
Ambassador of India to the US, Vinay Mohan Kwatra, on Friday (local time) held talks with Michigan's Lawmaker Haley Stevens on India-US bilateral economic partnership amid economic concerns over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purch
After the imposition of sanctions by Western countries, Russia was able to raise its own production and agro-industrial complex to a high level. This was stated on August 21 by Kyrgyz President Sadyr Japarov in an interview with Kabar news agency.
Micro, small and medium enterprises (MSMEs) in sectors such as textiles, diamonds and chemicals, which together account for nearly 45 per cent of India's total exports, are likely to be the most affected by the imposition of higher tariffs by the United States, according to a report by Crisi
A group of over 12,000 South Korean citizens has filed a lawsuit against former President Yoon Suk Yeol and his wife, Kim Keon Hee, seeking compensation for the damages allegedly caused by his imposition of martial law in December last year, Yonhap News Agency reported.
Russian Charge d'Affaires Roman Babushkin on Wednesday sharply criticised the US' imposition of 'sanctions' on India, asserting that such actions reflect a lack of trust and disrespect for national sovereignty, while noting that if Washington considered New Delhi its friend, then it would
A Fitch Wire report said that while Indian corporates generally have low direct exposure to current US tariffs, the pharmaceutical industry remains vulnerable to future trade measures. The US is a key market for Indian drugmakers, and any tariff imposition could ripple across the sector.
Karnataka Minister Dinesh Gundu Rao on Friday said that US President Donald Trump is only praising Pakistan these days, adding that India has been isolated globally due to the current government's foreign policy.
The imposition of a 25 per cent tariff on the import of goods from India into the United States (US) will have a significant impact on the earnings of companies in sectors such as diamond polishing, shrimp, home textiles and carpets, said Crisil Ratings in a report.
Following the US' imposition of a 50 per cent tariff on Indian goods, Michael Kugelman, a Washington, DC-based South Asia analyst, emphasised that India had to respond to these tariffs, given the strong comments made by President Donald Trump.
Naidu also said that India would not "compromise or succumb to pressure from anybody" despite tensions with Washington over Russian crude purchases and the recent imposition of additional US tariffs on Indian goods.