Alckmin responding to ANI's question on the positioning of India and Brazil as alternative markets for each other amid tariffs by the US, said that both the countries are democracies, and they are not competitors.
Reserve Bank of India (RBI) Governor Sanjay Malhotra said that fiscal consolidation and strong coordination between monetary and fiscal policies have played a key role in helping India manage inflation while supporting economic growth during challenging times marked by tariffs and global unc
Indian exports to the United States have plunged sharply by 37.5 per cent following Washington's decision to impose 50 percent tariffs on most Indian goods, according to a report by the Global Trade Research Initiative (GTRI).
Chinese Foreign Ministry spokesperson said, "China calls on the U.S. as well as companies concerned to respect facts and multilateral trade rules, abide by the principles of market economy and fair competition, correct the wrong approach as soon as possible and stop harming China's interests
The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.
"I'm very strong on the dollar, and anybody that wants to deal in dollars, they have an advantage over people that aren't," Trump said. "I told anybody that wants to be in BRICS, that's fine, but we're going to put tariffs on your nation... Everybody dropped out. They're all dropping out of
India's textile and apparel exporters are facing severe disruptions following the United States' imposition of a 50 per cent additional tariff, according to a nationwide survey conducted by the Confederation of Indian Textile Industry (CITI).
China has pushed back against US President Donald Trump's decision to impose new tariffs on Chinese goods, calling the move hypocritical and defending its own export restrictions on rare earth materials and related equipment.
China has strongly condemned the United States' latest tariff threat, calling it a display of "willful intimidation and double standards," after Washington announced plans to impose a 100 per cent tariff on Chinese goods and export controls on all critical software from November 1.
Assuring them of the state government's full support, he emphasised that there was no need to fear US tariffs, calling the situation an opportunity to explore new markets.
Responding to the US move, a spokesperson for China's Ministry of Foreign Affairs said, "Barring Chinese airlines from flying over Russia on flights to and from the US would hinder travel and people-to-people exchanges."
Alckmin's visit will also review the outcomes of the seventh meeting of the India-Brazil Trade Monitoring Mechanism (TMM), held in Delhi on October 7. The meeting was co-chaired by Rajesh Agrawal, Commerce Secretary, Ministry of Commerce & Industry, and Tatiana Lacerda Prazeres, Secretary of