India's exports to the United States fell for the third straight month in August, as steep tariff hikes by Washington continued to weigh on trade, according to a report by the Global Trade Research Initiative (GTRI).
Indian stock markets fared well even as the country faced US tariffs on its goods, primarily due to the strong domestic fundamentals that include robust consumption and recent GST reforms, according to a Bank of Baroda report.
India's current account deficit (CAD) is expected to remain under control at 1 per cent of gross domestic product (GDP) in the current financial year, even as the economy faces challenges from higher tariffs and global geopolitical headwinds, according to a report by Crisil.
Prime Minister Narendra Modi on Tuesday thanked US President Donald Trump for his phone call and greetings on his 75th birthday and said he, like the US leader, is fully committed to taking the India-US Comprehensive and Global Partnership to new heights.
US President Donald Trump on Tuesday claimed that a victory in the ongoing US Supreme Court case over his sweeping global tariffs would position America as "by far the richest country anywhere in the world", granting "tremendous" negotiating power to Washington.
Assistant US Trade Representative Brendan Lynch had a positive meeting with his counterpart, Ministry of Commerce and Industry Special Secretary Rajesh Agrawal, on Tuesday to discuss next steps in bilateral trade negotiations, with the two sides deciding to intensify efforts to achieve early
A team of United States officials led by Assistant US Trade Representative for South and Central Asia, Brendan Lynch, had "positive and forward-looking" discussions on Tuesday with the officials from India's Department of Commerce and it was decided to intensify efforts to achieve early c
The report stated that if the 50 per cent tariff remains, retailers may need to renegotiate prices with suppliers, and Indian manufacturers will likely have to absorb a significant portion of the cost increase.
South Korea's top trade envoy said Monday that Seoul is working to strike a deal that protects its national interest as he left for Washington for follow-up talks on a multibillion-dollar investment deal, with the two countries still divided over key details of the July accord, as reported b
Any progress on the India-US trade deal front largely hinges on Washington rolling back the Russian oil-linked additional 25 per cent duty on India, and no breakthrough is likely without it, India-based trade-focused think tank Global Trade Research Initiative (GTRI) has argued as both count
An average tariff hike of 4.5 per cent coupled with a reduction in aggregate technical and commercial (AT&C) losses below 15 per cent is essential to eliminate the gap between the average cost of supply (ACS) and average revenue realisation (ARR) for power distribution companies (discoms), r