Trade policy, whether in the US or India, is made without taking the largest interest group into account
Govt nudges industry stakeholders to raise imports from Washington
As US-China tensions reshape global trade, India must reform tariffs, boost ease of doing business, and strike strategic FTAs to attract investment
Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India, Middle East and East Europe
In the corresponding period of the previous financial year (FY24), smartphones ranked fourth among HS-coded exports, behind automotive diesel fuel, aviation turbine fuel, and diamonds
Free trade, based on the theory of competitive advantage, benefits everyone in the long run
The gap between exports and imports stood at $21.54 billion last month, the trade data showed Tuesday
Exporters say production and shipping products in three months remain a challenge for tailor-made products
India may gain, more than China, from Trump's tariff exemption on electronic devices, but there are challenges
As far as reforms are concerned, the report said that India's current trade system is still geared towards large, traditional exporters and not small online sellers
At the very least, there might be things India can make for the US markets that the Chinese can't compete with, given these tariffs
India and the United States agreed in February to work on the first phase of a trade deal to be concluded late this year, with a view to reaching two-way trade worth $500 billion by 2030
The US' 90-day pause on reciprocal tariffs for countries, including India, creates a critical strategic window for New Delhi to accelerate efforts in attracting electronics manufacturing investments, particularly from companies seeking to diversify their production bases beyond China, a country which now stares at 125 per cent American levy, according to the industry. US President Donald Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown that erased trillions of dollars in investor wealth, and spooked nations and businesses. Trump has, however, made it clear that he would raise tariffs on China, one of America's biggest trading partners, to a staggering 125 per cent after Beijing vowed a fresh round of retaliation. For other countries, the rates will revert to baseline 10 per cent. Pankaj Mohindroo, Chairman of ICEA (India Cellular and ...
From factories to e-commerce warehouses, overzealous quality checks are choking trade and killing jobs-India must dismantle this outdated system to stay competitive
India must strengthen position in US markets even as it seeks new regions to trade with, says Ashok Gulati in co-written paper
Beijing can perhaps take the risk of a strong line because it is now less dependent on direct exports to the US than it has been in the past
Industry group urges Indian government to secure bilateral trade agreement with US
Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.
India could maintain or even expand its agricultural exports to the United States despite the new tariffs announced by President Donald Trump, as the competing nations face even steeper duties, prominent agricultural economist Ashok Gulati said on Thursday. The 26 per cent "discounted reciprocal tariff" on Indian goods imposed by Trump would have limited impact on key agricultural exports such as seafood and rice when compared to higher duties imposed on the regional competitors, according to Gulati, former chairman of the Commission for Agricultural Costs and Prices (CACP). "We should not look at the tariff increase in absolute terms, but see relative tariff increases with our competitors," Gulati told PTI. He noted that while India faces 26 per cent tariffs, China faces 34 per cent, creating an 8 per cent differential advantage for the Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46 per cent, Bangladesh 37 per cent, Thailand 36 per cent, and ...
For 600 million workers and 1.4 billion consumers, Trump's trade war is a wake-up call to revive the three-decade-old liberalisation project