Page 116 - Economy & Policy News
India's textile exports to US jumped 9% in July on pre-tariff rush
India's textile exports to the US rose 9.1% in July as suppliers rushed shipments ahead of new tariffs though growth lagged Vietnam and Bangladesh, according to CITI
 "India's textile exports to US jumped 9% in July on pre-tariff rush")
India's CAD could exceed 1% of FY26 GDP as external risks intensify
Economists forecast India's current account deficit (CAD) will exceed 1% in FY26, citing capital outflows, U.S. tariffs, and a widening trade deficit, despite strong services exports and remittances
 "India's CAD could exceed 1% of FY26 GDP as external risks intensify")
Piyush Goyal may visit Qatar in October as FTA framework nears close
India and Qatar are likely to finalise the framework for a free trade agreement in early October, with commerce minister Piyush Goyal expected to travel to Doha soon
 "Piyush Goyal may visit Qatar in October as FTA framework nears close")
India, Israel sign bilateral investment treaty to boost economic ties
From April 2000-2025, India's total overseas direct investment in Israel amounted to $443 mn, while Israel's foreign direct investment in India reached $334.2 mn between April 2000 and March 2025
 "India, Israel sign bilateral investment treaty to boost economic ties")
75% consumers doubt firms will pass on GST rate cut benefits: Survey
LocalCircles' survey found that 42% of consumers were only "partially confident" and 33 per cent were "not confident" about companies lowering MRP in line with the revised GST rate
 "75% consumers doubt firms will pass on GST rate cut benefits: Survey")
GST revamp to set off demand, investment, job cycle: FM Nirmala Sitharaman
Sitharaman says the govt will shift focus to speed up disinvestment
 "GST revamp to set off demand, investment, job cycle: FM Nirmala Sitharaman")
Uttar Pradesh govt plans to groom over 500K women micro entrepreneurs
The enterprises will take shape in the hinterland with the Yogi Adityanath government offering training, credit and marketing support across 75 districts
 "Uttar Pradesh govt plans to groom over 500K women micro entrepreneurs")
India's jobless rate at 2% as per WEF, lowest among G20 nations: Mandaviya
Mandaviya said that these partnerships would make suitable employment opportunities as well as structured mentoring available to jobseekers
 "India's jobless rate at 2% as per WEF, lowest among G20 nations: Mandaviya")
India, Qatar may finalise terms of reference for trade deal in October
India and Qatar are likely to finalise terms of reference for a bilateral trade agreement next month, a senior official said on Monday.
 "India, Qatar may finalise terms of reference for trade deal in October")
Rajasthan's trade body ARTIA seeks subsidy relief to support exporters
According to the association, the United States' move to impose 50 per cent tariffs on India has increased pressure on medium, small and micro enterprises (MSMEs)
 "Rajasthan's trade body ARTIA seeks subsidy relief to support exporters")
India, EU begin 13th round of trade talks, hope to fast-track deal
European Commissioner for Trade Maros Sefcovic will visit India on September 12 to take stock of the progress of negotiations
 "India, EU begin 13th round of trade talks, hope to fast-track deal")
Lexus India to cut prices by up to ₹20.8 lakh to pass on GST rate reduction
Under the revised prices, the reduction in prices of the company's six models will range from up to ₹1.47 lakh on the sedan ES 300h to up to ₹20.8 lakh on the flagship SUV LX 500d
 "Lexus India to cut prices by up to ₹20.8 lakh to pass on GST rate reduction")
Trump tariffs may trim 0.5% from India's FY26 GDP: CEA Nageswaran
V Anantha Nageswaran warns prolonged US tariffs pose a major risk to growth, but remains confident of meeting India's 6.3-6.8 per cent GDP target for FY26
 "Trump tariffs may trim 0.5% from India's FY26 GDP: CEA Nageswaran")
Audi India announces price cut to over ₹7.8 lakh to pass on GST benefits
Under the new prices, the company's entry SUV Q3 will start at a price of ₹43.07 lakh, down from ₹46.14 lakh earlier
 "Audi India announces price cut to over ₹7.8 lakh to pass on GST benefits")
India treads with caution as Trump softens rhetoric after trade tensions
Trump said at the White House on Friday there was nothing to worry about with US-India ties and the two countries had a special relationship
 "India treads with caution as Trump softens rhetoric after trade tensions")
13th round of FTA talks from Monday: India, EU hope to fast-track deal
The outcome of this round of negotiation will be crucial in determining the next steps, as both sides weigh the possibility of a political call to break the deadlock on the unresolved issues
 "13th round of FTA talks from Monday: India, EU hope to fast-track deal")
Cabinet Secretariat, ministries to meet Monday on smooth GST rollout
According to another official, Finance Ministry is eager to re-examine certain sectoral issues if directed by the Prime Minister's Office
 "Cabinet Secretariat, ministries to meet Monday on smooth GST rollout")
Revenue loss? State govts build pressure on Centre after GST reform
Opposition-ruled states warn of steep annual losses; Centre assures higher consumption will offset revenue hit
 "Revenue loss? State govts build pressure on Centre after GST reform")
Centre steps up efforts for rollout of ambitious National Deepwater Mission
India targets deepwater and ultra-deepwater oil and gas to cut import reliance and boost energy security
 "Centre steps up efforts for rollout of ambitious National Deepwater Mission")
India, EU advance talks on trade agreement, target year-end deal
The European Union is India's biggest trade partner with bilateral trade in goods recording USD 135 billion in the financial year 2023-24
 "India, EU advance talks on trade agreement, target year-end deal")