Persistent tariff pressure and continued selling by foreign portfolio investors (FPIs) dented investor sentiment on Friday, with both benchmark indices opening lower.
If the recently announced US tariffs on Indian goods persist for a longer period, the impact on India's economic growth could be between 0.4 per cent and 0.8 per cent, Morgan Stanley has said in a report.
Indian leather exporters are facing serious challenges after the United States imposed steep tariffs on Indian goods, hitting an industry that depends on exports for 80 per cent of its business.
On being asked whether China and other BRICS nations are trying to take the lead in organising a push against US trade measures, the US State Department said the dialogue with India "will continue".
When pressed by ANI at the Oval Office,whether he expected talks to resume in light of the new 50% tariff. "No, not until we get it resolved," he replied.
Prime Minister Narendra Modi received a telephone call from Brazil, Luiz Inacio Lula da Silva, on Thursday, with the two leaders exchanging views on various regional and global issues of mutual interest and reiterating their commitment to take the Strategic Partnership to new heights
"This will cause losses to our economy and industrialists because if a product costing Rs 1000 will cost Rs 1500, sales will decrease, and hence the industrialists will suffer. The GoI should think of a solid solution on this... If our foreign policy is strong, no nation will take such steps
India's fishing community on Thursday welcomed Prime Minister Narendra Modi's assurance that the government will not compromise on the interests of farmers, fishermen, and dairy farmers, calling him a "true guardian" of the country.
Prime Minister Narendra Modi on Monday met farmers from Tamil Nadu and said that he was amazed to hear about their experiences and their focus on innovation and embracing new farming techniques to boost productivity.
Harsha Vardhan Agarwal, President of industry body FICCI, on Thursday emphasised the need to advance transformative reforms at both the central and state levels, stating that the time is ripe to simplify doing business, attract greater investments, and fully harness the vast potential that I