With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship
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
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.
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
Exporters will need to explore new markets as the US is no longer an option for many, he stressed
From Andhra to TN and Gujarat, states fear heavy biz losses
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
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
The final report in the series gauges Ludhiana's industrial pulse as 50% US tariff looms
Commerce ministry readies WTO-compliant schemes to aid exporters, diversify markets, and ease trade finance amid rising US tariffs
The last decade or so provides a nice base for studying the trends in government revenue from import tariffs of all types
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
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 .
Govt working on three-pronged strategy to support exporters
Net exports of goods and services contributed 4.99 percentage points to GDP growth in the second quarter of 2025, the highest in the US since at least 1947
With US duties on Indian medical devices now at 50%, industry groups warn of trade instability, lost competitiveness, and adverse impact on American patients
Tariff hike to 50% may hit Indian exports of tyres and auto components to the US; industry explores nearshoring, diversification, and cost efficiency measures
The government is working on certain support measures for exporters in sectors like textiles and chemicals to insulate them from the impact of the Trump tariff, an official said on Monday. US President Donald Trump has announced an additional 25 per cent import duty on Indian goods entering America from August 7. The official said that the commerce ministry has held meetings with several export sectors, including steel, food processing, engineering, marine, and agriculture, to understand issues they may face due to high 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. Exporters are requesting the government to extend fiscal incentives such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely payment of dues, and a dir
₹2,250 crore Export Promotion Mission awaits Cabinet nod
The fundamental challenge for the Indian economy is to increase productivity and competitiveness