Page 3 - Indian Export

US tariff: Shrimp biz worth ₹25K cr at stake; farm gate rates drop 19%

Trump's 50% tariff on Indian seafood exports leads to sharp drop in shrimp prices, hurting farmer income in Andhra Pradesh and Odisha; industry urges diversification

US doubles tariff on India to 50% over Russian crude oil purchases

'Unfair, unjustified, unreasonable', says MEA; new rates from August 28

Trump tariffs may cut India's US-bound exports by up to 50%: GTRI

The tariffs announced by the US are expected to make Indian goods far costlier in the US, with the potential to cut America-bound exports by 4050 per cent, think tank GTRI said on Wednesday. On August 6, Washington announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. The White House said the measure responds to India's continued purchase of Russian oil. The move places India among the "most heavily" taxed US trading partners, far above rivals such as China, Vietnam, and Bangladesh, and threatens most of India's USD 86.5 billion in annual exports to America, from textiles to machinery, Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He said in 2024, China bought USD 62.6 billion of Russian oil, more than India's USD 52.7 billion, yet faces no such penalties. Washington avoids targeting Beijing because of China's leverage over critical materials such as gallium,

Farm, crude, trade deadlock push India-US ties into rougher terrain

Trump's tariff cannon has fired - and India's first-mover advantage is in tatters. With 5 rounds of failed talks and rising pressure over Russian oil, New Delhi now faces its sharpest trade test yet

Exporters seek govt aid, credit at affordable rates to deal with US tariffs

Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff, industry officials said. In a meeting with Commerce and Industry Minister Piyush Goyal in Mumbai, certain exporters sought plans on the lines of the production-linked incentive (PLI) scheme, they added. "Exporters share issues, which they may face in the American market because of the high duty announced by US President Donald Trump," one of the officials said, adding that the minister has suggested that the exporting community send their suggestions in writing. They also demanded loans at affordable rates and fiscal incentives. In India, according to exporters, interest rates range between 8 and 12 per cent or even more, depending on the spread and risk assessment of the borrower by authorised dealer banks. In competing countries, the interest rate is very low. For instance, the central ba

Leather, textile, shrimp exports to be hit hard by 25% US tariff: Experts

Domestic export sectors such as leather, footwear, textiles and shrimp will be hit hard by the imposition of the 25 per cent tariff by the US, industry experts say. "Quick estimates suggest that India's goods exports in FY 2026 may come down by 30 per cent from USD 86.5 billion in FY 2025 to USD 60.6 billion in FY 2026," GTRI Founder Ajay Srivastava said. The duty, announced this week, will come into force from August 7 (9.30 am IST). These will be over and above the exiting standard import duty in the US. The 25 per cent tariff will replace the existing 10 per cent baseline tariff. The modified tariff is one per cent less than the 26 per cent levy announced by President Donald Trump on April 2. A White House executive order mentions that tariffs may be reduced once countries make a deal with the US. The executive order also clarifies that goods in transit until October 5, 12:01 am eastern daylight time (EDT), or 09:30 am IST, will be subject to a 10 per cent tariff, provided that

India's garment and jewellery sectors fear for US orders after tariff shock

Key garment exporters including Welspun Living, Gokaldas Exports, Indo Count and Trident, make 40 per cent-70 per cent of their sales in the United States

Trump's 25% tariffs: 'Unfortunate', say experts, hope trade deal works out

The move comes even as the two countries continue negotiations on a trade agreement that has been in the works for several months

India now supplies one-third of US smartphone imports, eroding China's lead

Apple-led shift in manufacturing boosts Indian exports; China's share halves amid trade tensions

Indian exporters optimistic as Bangladesh plans to import 9 lakh tonne rice

Indian rice millers and exporters are upbeat about Bangladesh's "plan to import 9 lakh tonnes of rice", anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to "emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing", they said. "Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown," Ricevilla Foods CEO Suraj Agarwal told PTI. Jai Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh

India's electronics exports hit $40 bn, grow 8 times in 11 yrs: Vaishnaw

India's electronics exports have soared past USD 40 billion, marking an eight-fold growth over the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, he said the first Made in India chip, on a commercial scale, will be manufactured this year. He expressed confidence that India is on track to becoming one of the top five semiconductor nations in the world in the coming years, citing its increasing focus on capital equipment and the materials required for semiconductors. In just 11 years, we have increased our electronics production six times. That's a CAGR double digit which any corporate would be envious of. We have increased our exports eight times, crossed

Shrinking profit margins hit popular 'Make in India' trade in electronics

As companies boost spending, some investors are questioning whether market demand is keeping pace with the flood of investments

India's coffee exports rise 125% to $1.8 billion over 11 years: Govt data

The country's coffee exports have jumped about 125 per cent to USD 1.8 billion in the last 11 years on account of a series of measures taken by the Coffee Board of India, according to the central government data. The exports stood at over USD 800 million in 2014-15. It was USD 1.28 billion in 2023-24 and USD 1.14 billion in 2022-23, the data showed. Europe remains the top destination for the country's coffee exports. The major countries which import the commodity from India include Italy, Germany, Belgium, Middle East nations, Korea, and Japan. The major initiatives taken by the Coffee Board of India to push the exports include online issuance with digital signature of registration-cum-membership certificate (RCMC), export permit, certificate of origin, regular interaction with the exporters to discuss bottlenecks and addressing those issues, and providing regular global market information and market intelligence. The other export promotion steps included transit/freight assistance

Reimagining India's quality control mandate as an export enabler

As of today, out of approximately 23,000 BIS standards, only 187 QCOs covering 769 products have been notified. This suggests that while the momentum is rising, the journey is far from complete

Doubling tariff on steel, aluminium by US to impact Indian exporters: GTRI

US President Donald Trump's announcement to double tariffs on imported steel and aluminium will impact Indian exporters, as it would hurt their profitability, think tank GTRI said on Saturday. On May 30, Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4. This hike comes under Section 232 of the US Trade Expansion Act of 1962, a law that allows the president to impose tariffs or other trade restrictions if imports are deemed a threat to national security. Trump originally invoked this provision in 2018 to set the 25 per cent tariff on steel and 10 per cent on aluminium. He raised tariffs on aluminium to 25 per cent in February 2025. For India, the consequences are direct, the Global Trade Research Initiative (GTRI) said. In 2024-25, India exported USD 4.56 billion worth of iron, steel, and aluminium products to the US, with key categories, including USD 587.5 million in iron and steel, USD 3.1 billion in articles of iro

Improving govt buying: Foreign companies join in, but hurdles remain

Government procurement is, at its core, about expenditure efficiency

As US economy dips, why it means good business for India's exports

Surging trade deficit has had severest impact on America's GDP since 1947

FIEO urges RBI to share info on banks offering rupee trade to aid exporters

Apex exporters' body FIEO has urged the RBI to publicly share information on banks offering the rupee trade settlement system (SRVA) as lack of awareness is limiting its use. The system simplifies trade and saves foreign exchange, but many exporters do not know where to access it, Federation of Indian Export Organisations (FIEO) President S C Ralhan told PTI. In 2023, the Reserve Bank permitted banks operating in the country to open Special Rupee Vostro Accounts (SRVAs) of partner banks from specified countries as part of efforts to promote bilateral trade in local currencies. This enables exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market. This system makes it easier to trade with some countries in rupees instead of dollars or euros, "but many exporters don't even know which banks offer this service, because that information isn't easily available. The RBI should make this public. Bette

In transit: ₹2,250 cr mission to boost exports amid global uncertainties

Govt raises duty drawback rates for gold and silver jewellery

Indian exporters should temper euro, pound hedges as dollar faces pressure

With the dollar under pressure from tariff-driven outflows, downgraded US growth forecasts and shifting investor outlook, forex strategists are encouraging exporters to reassess their hedging strategy