The contraction will be led by a drop in exports of fish and crustaceans, which may fall by a fifth
The move is set to give much-needed clarity to companies in the tobacco sector that have been seeking clarification regarding the issuance of bonus shares, experts said
This development comes as the country has been negotiating a BTA with the US in order to avoid hefty reciprocal tariffs
The Indian medical device industry faces challenges from international trade dynamics, regulatory barriers, and domestic policy inconsistencies
As many as 24,557 new borrowers took loan under the Tarun Plus category amounting to Rs 3,790 crore in a short period of four months during FY25
Additionally, concerned officials have been directed to hold a series of bilateral meetings with the identified 20 countries such as Australia, Brazil, China, and France for pushing India's exports
They also said that the pact is critical for India to address long-standing non-tariff barriers in sectors like chemicals, telecom equipment, and medical devices
However, it added that India's competitive position in select product segments may help cushion some of the losses
The UPS was approved by the central government in August last year to provide a guaranteed pension to retirees with a minimum of 25 years of service
The rise in tariffs will raise prices in major economies and trigger an economic slowdown, possibly even prompting a recessionary phase, says Montek
"We still expect growth to be in the range of 6.3-6.8 per cent as projected earlier, though it may be closer to the lower end of the band," a government official said
Buyers are reassessing existing orders, with some seeking discounts. They are also exploring the best possible sources for imports, given the varied but steep reciprocal tariffs, exporters said
Electronics makers begin talks with US importers; Dixon, Super Plastronics see opportunity
Importers signal willingness, but warn of drawn-out talks
India is not a major player in the US market - 10th-biggest with a share of just 2.68 per cent in the US' total imports in 2024
The new CPI series with an updated base year is slated to come into effect in February 2026, along with a new series for other macro indicators like GDP and IIP
India has always maintained issues like sustainability, labour, and the environment should be addressed in separate forums or international platforms rather than being integrated into trade agreements
In February, the RBI's Monetary Policy Committee, headed by Governor Sanjay Malhotra, slashed the repo rate by 25 basis points to 6.25 per cent
India and the US are holding intense discussions on a proposed 'fair, balanced and equitable trade deal' bilateral trade agreement
While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises