India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
Executive Director of the Observer Research Foundation (ORF) America, Dhruva Jaishankar, on Tuesday (local time) said that both Indian and US-based companies have expressed concern over the availability of sufficient skilled talent for their jobs in the wake of recent hikes in H-1B visa fees
Speaking to ANI, Tharoor acknowledged the mounting tensions with the US post-tariff imposition, but explained that it had "nothing to do with India" since Trump's focus remains to push for manufacturing in his country, instead of only relying on imports.
Brazil's Ambassador to India, Kenneth Felix Haczynski da Nobrega, said both countries must work "even more closely together" to counter challenges and create new avenues for growth.
Congress leader Jairam Ramesh on Sunday mocked Prime Minister Narendra Modi, and said, "His friend in Washington DC has stolen his thunder," after US President Donald Trump once again claimed credit for stopping Operation Sindoor by using increased trade with America as leverage.
In another post, Graham also said that US tariffs on India are "going to dividends" and now is the time for Trump to impose the same tariffs on China and Russia as well.
Speaking during a panel discussion at the Public Affairs Forum of India (PAFI)'s 12th Annual Forum, Reddy stated that the tariffs would not impact India, but would have a reverse effect.
Amid recent strains in India-US relations, New Jersey Governor Philip D Murphy on Friday expressed strong optimism about the future of the bilateral partnership, asserting that improvements are expected "sooner rather than later."
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.
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.