According to Chinese state-run media outlet Xinhua, Xi noted the importance of viewing bilateral ties from a long-term perspective. "Noting that this year marks the 75th anniversary of the establishment of China-India diplomatic relations, Xi said the two countries need to view and handle
The loss incurred due to the imposition of reciprocal tariffs on Indian textile exports to the United States (US) may be offset by a surge in exports to the United Kingdom (UK), buoyed by the recently concluded India-UK Free Trade Agreement (FTA), said CareEdge Ratings in a report.
In view of the ongoing inability of carriers to transport US-bound mail and in the absence of defined regulatory mechanisms, Department of Posts has decided to completely suspend the booking of all categories of mail, including letters, documents, and gift items valued up to USD 100, destine
Prime Minister Narendra Modi and Chinese President Xi Jinping, during the bilateral meeting in Tianjin, recognised the role of India and China's economies in stabilising the world trade, the Ministry of External Affairs said in a statement on Sunday.
Senior Congress leader Manish Tewari expressed concerns about the impact of US President Donald Trump's tariffs on India and urged the Centre to show "spine" and not "bow down" to American pressure, recalling India's past experiences in dealing with similar situations.
India's shrimp export volumes are expected to decline by 15-18 per cent in the current fiscal year following a sharp hike in US tariffs, which will take the total import duty to 58.26 per cent, effective August 27, according to a report by Crisil Ratings.
Speaking to ANI, Sanchez said India has shown the world that it will take independent decisions which lie in its national interest. "India's the big boy, not a school child. The moment the United States said, 'you will not buy oil from Russia or we will punish you,' India looked back and
Real GDP has been estimated to grow by 7.8 per cent in Q1 of FY 2025-26 over the growth rate of 6.5 per cent during Q1 of FY 2024-25. Nominal GDP has witnessed a growth rate of 8.8 per cent in Q1 of FY 2025-26.
Members of India's diamond industry have said that the US decision to impose 50 per cent tariffs on Indian goods poses a challenge, but expressed confidence in the sector's resilience and the strength of the domestic market.
"For the first time, a country has stood up to the United States, and that country is India. India has made it clear that we will not bow down before Trump," Bansal said.
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.