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.
The Friday judgment by the US Court of Appeals for the Federal Circuit upholds an earlier ruling by the US Court of International Trade, dated May 28, that initially struck down the tariffs.
The Global Trade Research Initiative (GTRI), a trade-focused think tank, has suggested a 10-point plan to the central government, which it believes, if implemented, can shield India from the impact of US tariffs.
After a federal appeals court ruled President Donald Trump's tariffs "illegal," Democrat Representative Gregory Meeks urged Mike Johnson, Speaker of the House of Representatives, to take up his resolution to end tariffs.
Brazil's President Lula said his government will not immediately retaliate against US tariffs and seeks trade talks with President Trump. While the US imposes 50% taxes on Brazilian exports, Brazil is exploring legal measures but prioritizes negotiation, emphasizing it will not compromise it
Former Indian Ambassador Navtej Sarna said India must maintain strategic autonomy amid global pressures, including US criticism of its Russian oil purchases. He urged not to react to every Washington comment, highlighting challenges in India-US ties while asserting India's rights to make