At a high-level meeting with export councils, PM Modi called on exporters to fully leverage India's FTAs amid US tariff hikes, while industry sought policy and financial relief
The additional 25 per cent tariff on all our exports to the US due to our import of Russian crude oil puts a huge burden on India. We import around 600 million barrels of oil per year from Russia
According to S&P Global's assessment, the persistent uncertainty is delaying private investment decisions, and causing volatility in capital flows, financial markets, and currency exchange rates
In the next 12 months, 34 per cent of respondents, Goldman Sachs said, intend to reduce their cash balances with many planning to invest in 'risk assets'
India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion
The development comes even as White House senior trade advisor Peter Navarro reiterates his criticism of India's purchase of Russian oil
According to the association, the United States' move to impose 50 per cent tariffs on India has increased pressure on medium, small and micro enterprises (MSMEs)
Marking four years in office, the Gujarat CM outlines plans for regional investment summits, industrial growth, Japan partnerships, and support for sectors facing tariff pressures
Multi-pronged strategy in the works to help exporters
These fault lines indicate that while growth may remain steady, global shocks such as tariff hikes could magnify job losses
In the meantime, describing the India-US relationship as "very complicated", US Treasury Secretary Scott Bessent, in a television interview, hoped that "at the end of the day, we will come together"
Exporters will need to explore new markets as the US is no longer an option for many, he stressed
Indian markets logged their worst fall in three months after the US imposed additional tariffs of up to 25 per cent on Indian exports, dragging Sensex and Nifty sharply lower
Commerce ministry readies WTO-compliant schemes to aid exporters, diversify markets, and ease trade finance amid rising US tariffs
The only way to improve farmers' fortunes is by increasing productivity, not condemning them to penury in the name of protection
The country needs energy and Trump knew that when he announced a 25 per cent tariff on much of India's exports for sourcing discounted oil from Russia, which is India's oldest ally
Former G20 Sherpa Amitabh Kant urges Rs 20,000 crore for global tourism promotion, saying the sector can offset US tariffs and boost India's growth and jobs
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
Officials told a parliamentary panel that India-US ties go beyond trade, denied halting defence purchases, and expressed confidence the sixth BTA talks will proceed
Jaipur Sarafa Committee Chairman Kailash Mittal said that Rajasthan's jewellery traders are surprised by the tariff move but not overly worried