Page 3 - Indian Exports

US tariff: Export Promotion Mission Scheme to be placed before Cabinet soon

The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27. "So export promotion mission, you know, the inter-ministerial consultations have happened, and soon we will be going to cabinet. Already in the Budget, there was an announcement, and it would be a kind of a scheme which would be fungible," sources said.

Exporters, industry bodies knock on RBI's door for US tariff buffer

Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US

Trade overtures: India should support exporters, affected businesses

With the US imposing steep tariffs on Indian exports, New Delhi must support affected firms while pursuing new markets, as trade talks with Washington remain uncertain

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates

From exporters to bond traders, RBI facing increasing calls to step in

It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in

India extends export obligation for chemical imports to 18 months: Govt

The government on Tuesday said extension of the export obligation period for chemical imports under the advance authorisation scheme from six to 18 months will provide much-needed relief to exporters amid concerns over steep US tariffs. "This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India," the Ministry of Chemicals and Fertilisers said in a statement. The move is poised to simplify trade processes and elevate the global market edge of Indian goods. "The Export Obligation timeframe has now been extended from 6 months to 18 months, offering a substantial buffer to the industry," the statement added. Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to quality control orders (QCOs) for those inputs, ensuring a steady flow of export operations. A significant number of these authorizations cater to the chemical sector, emphasizing the val

Among the challenges ahead for India, trade is the biggest risk to growth

Nearly all segments of the economy supported growth in the first quarter

Heading into China's corner will dilute India's democratic dividend

With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship

Will come up with measures to expand India's presence in global mkts: Goyal

The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's

Govt to soon bring various measures to boost exports: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the government will soon introduce various measures to expand the domestic outreach and global foray to boost country's exports. "I can assure each one of you that in the days ahead, the government will be coming out with a variety of measures to support every sector, both to expand the domestic outreach and look for complementarities in other markets around the world to expand our global foray so that this year, our exports will exceed last year's exports. "This year will define our self-confidence," he said here at an industry event. The government is working on support measures for exporters as the 50 per cent tariffs imposed by the US on Indian goods are expected to hurt certain labour-intensive sectors, including shrimp, leather, and footwear, as well as textiles. In 2024-25, India's goods and services exports touched an all-time high of USD 825 billion.

India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan

Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US

50% US tariff on India takes effect Wednesday; exporters seek urgent relief

Exporters will need to explore new markets as the US is no longer an option for many, he stressed

States rejig policies, seek Centre's help to counter Trump tariffs

From Andhra to TN and Gujarat, states fear heavy biz losses

GST 2.0 could boost consumption, but does little to fix deeper weaknesses

GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy

Export curbs ease positive, India must cut reliance amid $100 bn gap: GTRI

China's decision to ease restrictions on exports of rare-earth minerals and fertilisers to India is a positive signal, but India must work to reduce its dependence on the neighbouring country, with which it runs an alarming USD 100 billion trade deficit, economic think tank GTRI said on Wednesday. It said that between 2014 and 2024, China's dominance over India's import landscape only widened. Its share in India's telecom and electronics imports reached 57.2 per cent, while machinery and hardware accounted for 44 per cent. Chemicals and pharmaceuticals followed closely at 28.3 per cent, it said. For India, the Global Trade Research Initiative (GTRI) said, the only real safeguard is to build strength at home by cutting dependence, investing in deep manufacturing, and becoming a true product nation. "A stronger, more self-reliant India will be better placed to engage China on equal terms, while keeping relations steady and pragmatic rather than hostage to sudden shifts," GTRI Founder

Tariff turbulence: Ludhiana industries oscillate between resilience, risk

The final report in the series gauges Ludhiana's industrial pulse as 50% US tariff looms

Govt plans ₹25,000 cr export support mission to counter US tariff impact

Commerce ministry readies WTO-compliant schemes to aid exporters, diversify markets, and ease trade finance amid rising US tariffs

Tariffs as revenue: Change in India's import duties lifted states' income

The last decade or so provides a nice base for studying the trends in government revenue from import tariffs of all types

MSME bodies seek urgent liquidity, faster refunds to offset US tariff hit

MSME bodies urge emergency credit, faster RoDTEP and GST refunds, and targeted relief measures to protect exporters from US tariff hikes impacting margins and employment

Gadkari stresses importance of science & tech, need to increase exports

Union minister Nitin Gadkari on Saturday said the countries which are indulging in 'dadagiri' (bullying) in today's world can do so because they are economically strong and have technology. Speaking at the Visvesvaraya National Institute of Technology (VNIT) here, he also stressed the need to increase India's exports and reduce the imports. "If the rate of our exports and economy increase, then I don't think we will need to go to anyone. Those who are indulging in 'dadagiri' are doing so because they are economically strong, and they have technology. If we get better technology and resources, we will not bully anyone, because our culture teaches us that welfare of the world is most important," he said. "We are facing various problems globally, and the solution to all these problems are science and technology, that is knowledge, which is a power," he said. Increasing exports and decreasing imports is necessary if India wants to become a 'Vishwaguru', the BJP leader said. Research .