Page 147 - Economy
India readies for US tariff impact, rules out retaliation over Russia ties
New Delhi may not retaliate against US' 25% levy and Russia penalty
 "India readies for US tariff impact, rules out retaliation over Russia ties")
Trump dangles penalty sword to wean India away from Russia
While the penalty might be seen as a measure to rein in the Kremlin's revenues from its crude oil and arms sale and force Russia to end the Ukraine war
 "Trump dangles penalty sword to wean India away from Russia")
Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists
Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment
 "Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists")
US tariff, discount demands threaten Indian exporters' profit margins
Textile exporters from hubs like Tiruppur have indicated that buyers in the US are making a pitch for high discounts, urging Indian manufacturers to shoulder part of the financial strain of tariffs
 "US tariff, discount demands threaten Indian exporters' profit margins")
Trump scraps $800 import exemption, may dent India's e-commerce exports
The move may impact Indian online sellers and e-commerce companies, many of whom have built businesses around shipping small parcels
 "Trump scraps $800 import exemption, may dent India's e-commerce exports")
India stays firm on Russia ties, farm sector as Trump imposes fresh tariffs
Government sources say India won't retaliate immediately to US tariff move but will protect national interests in defence, dairy and agriculture
Trump tariffs may drag India's growth by 20-40 bps in FY26
Economists warn of a 0.2-0.4% GDP impact as key exports to US-pharma, smartphones, textiles-face higher duties; indirect effects on investment likely
 "Trump tariffs may drag India's growth by 20-40 bps in FY26")
Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels
The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)
 "Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels")
Loan growth dips in farm, services; MSMEs see sharp rise in June
The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed
 "Loan growth dips in farm, services; MSMEs see sharp rise in June")
Fiscal deficit hits 17.9% of full-year target in Q1FY26: CGA data
In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 2,80,732 crore in the April-June period of the 2025-26 fiscal year
 "Fiscal deficit hits 17.9% of full-year target in Q1FY26: CGA data")
India to safeguard national interests, says Piyush Goyal on US tariffs
Commerce and Industry Minister Piyush Goyal said India is assessing impact of Donald Trump's reciprocal tariff and will take all steps to protect exporters, MSMEs, farmers, and national interests
 "India to safeguard national interests, says Piyush Goyal on US tariffs")
Trump calls India and Russia 'dead economies' but data tells a different story
From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions
 "Trump calls India and Russia 'dead economies' but data tells a different story")
AIIB sees India exposure rising to $20 billion over next five years
Vice President for Investment Solutions Ajay Bhushan Pandey said AIIB plans to increase annual lending to about USD 17 billion over the next few years, up from the present USD 10 billion
 "AIIB sees India exposure rising to $20 billion over next five years")
India's rice exports to stay resilient despite US tariff: Exporters' body
The new tariff, effective from August 1, includes duties on Indian rice exports to the US
 "India's rice exports to stay resilient despite US tariff: Exporters' body")
US announces 50% tariff on copper; to have limited impact on India
A White House executive order, dated July 30, said that copper is being imported into the United States in quantities and under circumstances that threaten to impair the national security of the US
 "US announces 50% tariff on copper; to have limited impact on India")
Global gold demand rises 3% on stronger investment flows, says WGC
Strong gold investment flows largely fuelled quarterly growth, as an increasingly unpredictable geopolitical environment and price momentum sustained demand
 "Global gold demand rises 3% on stronger investment flows, says WGC")
Indian importers ramping up oil purchases ahead of festival season: IVPA
The recent reduction in import duty on crude edible oils to 10 per cent, from 20 per cent, provides "a little bit of relief" for consumers
 "Indian importers ramping up oil purchases ahead of festival season: IVPA")
Higher US tariffs may trim India's GDP growth by 30 bps: Barclays
If the new US tariff takes effect from August 1, average import duty on Indian goods will rise sharply, according to Barclays
 "Higher US tariffs may trim India's GDP growth by 30 bps: Barclays")
India may face growth, EPS risks as US slaps 25% tariffs: Goldman Sachs
Donald Trump's 25% tariff on Indian goods may slow growth, hurt exports and earnings; Indian stocks could stay weak as trade ties with the US face fresh tension, says Goldman Sachs report
 "India may face growth, EPS risks as US slaps 25% tariffs: Goldman Sachs")
US policy towards India has taken 'unfortunate turn', says Kaushik Basu
According to him, the US now takes India for granted as never before
 "US policy towards India has taken 'unfortunate turn', says Kaushik Basu")