The goods and services tax (GST) reforms will be credit positive for Indian companies as it will boost consumption and reduce risks of US tariffs, noted global rating agency Fitch in its latest report.
The United States' tariff action on Indian exports may not significantly impact the current financial year, but prolonged duties could affect investment sentiment, Chief Economic Advisor (CEA) to the Government of India, V Anantha Nageshwaran said on Wednesday.
Leading geopolitical expert David Goldwyn has backed India's firm stance against US President Donald Trump's imposition of steep tariffs, asserting that New Delhi is "right to continue to exercise its sovereignty."
In a post on his social media platform, Truth Social, Trump wrote, "I am pleased to announce that India and the United States of America are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister M
The textile industry in India urgently requires an incentive cushion as the recently imposed 50 per cent tariffs by the United States are too steep for exporters to absorb, according to a recent report by Emkay Research.
The Indian pharmaceutical industry requires price increases, site and intellectual property (IP) transfers to deal with the prevailing uncertainty in the sector amid US tariffs, according to a report by Systematix Research
Minister of State for Steel Bhupathiraju Srinivasa Varma said on Monday that the government is taking steps so that the problems faced by the steel industry get resolved.
Israel Finance Ministry's Chief Economist Shmuel Abramzon expressed confidence that India and the US will resolve the 50% tariff issue. Calling India a "good negotiator," he said the two long-time partners share a strong future and will reach an agreement.
China's Ambassador to India, Xu Feihong, criticised US tariffs on India as "unfair, unreasonable" and stressed that China opposes them. He highlighted the importance of India-China cooperation, saying it should prioritise development, mutual support, and making the 21st century a "genuine As
Israeli Finance Minister Bezalel Smotrich said both Israel and India are negotiating with the US on tariffs. Speaking in Delhi, he expressed confidence that differences will be resolved, citing strong ties, common values, and economic interests shared by the three nations.
The increase in tariff rates by 50 per cent over the baseline, effective from August 27, 2025, is expected to hurt the competitiveness of Indian apparel exporters.