Maruti Suzuki India chairman RC Bhargava urged India to stand united against the 50% tariffs imposed by the US, emphasizing the need to maintain dignity and resist bullying. He acknowledged the global uncertainty caused by these tariffs and welcomed the government’s plan to restructure the Goods and Services Tax (GST), hoping for a reduction on […]
India is considering easing foreign investment rules for China. This follows improved relations and Niti Aayog’s recommendation to raise the limit to 24 percent. Restrictions began in 2020 due to security concerns. The Economic Survey 2024 suggests relaxation to boost global supply chain integration. Commerce Minister Piyush Goyal says a review is possible if circumstances
A CLSA report indicates India’s savings from discounted Russian oil imports are around $2.5 billion annually, significantly less than media estimates. While India benefits from affordable energy, the discounts are offset by shipping costs and the need to blend with higher-quality oil. Halting Russian imports could spike global crude prices, highlighting India’s role in stabilizing
Indian textile exporters are bracing for a significant blow as the U.S. imposes steep 50% tariffs, potentially impacting nearly a quarter of India’s textile exports. Order cancellations have already begun, but the government’s extension of duty-free cotton imports until December 31st offers some relief.
The US economy rebounded strongly in the second quarter, growing at 3.3%, revised upwards from initial estimates. This surge followed a 0.5% contraction in the first quarter, largely attributed to President Trump’s tariffs disrupting trade flows. A sharp drop in imports significantly boosted GDP, offsetting weaker investment and exports, while corporate profits also saw a
Indian stock markets are expected to react cautiously following the US imposing a steep 50% tariff on Indian goods. Sectors like textiles, gems and jewellery, and leather are likely to face increased pressure. While a sharp market correction is not anticipated, volatility may persist as investors assess the trade implications, with potential earnings downgrades for
India’s trade with Africa has surpassed $100 billion in 2024-25. Kirti Vardhan Singh highlighted India’s significant investment and support for African projects. India has extended concessional loans and grant assistance. Over 42,000 African youths have benefited from Indian scholarships. The focus is now on co-creating a shared future. India ranks among Africa’s top investors with
Silver prices in the national capital witnessed a historic surge, reaching Rs 1,20,000 per kilogram, fueled by global uncertainty. Gold also experienced gains, climbing to Rs 1,01,270 per 10 grams. Market analysts attribute this uptrend to political unpredictability stemming from President Trump’s dismissal of Federal Reserve Governor Lisa Cook, raising concerns about the Fed’s independence.
Despite escalating trade tensions, a top US official expressed optimism about the future of US-India relations. US Treasury Secretary Scott Bessent highlighted the strong bond between President Trump and Prime Minister Modi. While dismissing the possibility of the rupee becoming a global reserve currency, India has initiated export promotion programs in 40 key markets.
Barclays warns that US President Donald Trump’s 50% tariffs pose a ‘serious threat’ to 70% of India’s exports to the US. While smartphones and pharmaceuticals are currently exempt, key sectors like electrical machinery and gems & jewellery face significant challenges. India is exploring strategies such as GST rate reductions, reactivating credit schemes, and diversifying export
