Cabinet likely to take up proposal on Wednesday
India has raised the price at which it will buy new-season cotton from domestic farmers by 7.8% to 8,110 rupees per 100 kg, but local market prices are hovering around 7,000 rupees
It is unbelievable that India's refusal to acknowledge the role of the US in ending 'Operation Sindoor' should lead to such harsh measures
Data from the Annual Survey of Industries (ASI) show that these sectors together employed around 21 million workers directly and via contractors in 2023, Nomura said
With markets closed on Wednesday for Ganesh Chaturthi, the reaction came in Thursday's session
Tamil Nadu and industry bodies urge higher export incentives, faster EU trade deal and wider market access as US tariff hits Tiruppur's exports; Centre extends cotton relief till December 31
Shrimp exporters stock tank up to 12 per cent after 50 per cent tariffs imposed by the US came into effect; check key details here
Wide ranging policy reforms are needed to counter American trade shock
Workers, small business owners fear loss of livelihood as factories reduce operational hours amidst cancelling of orders
India's economic review warns of tariff-related challenges but says reforms, FTAs, and strong fundamentals will support growth
Since the US accounts for nearly one-fifth of India's exports, the consequences for exporters are severe
The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact
A 50% import duty has slashed farm-gate shrimp prices in India while pushing up consumer prices in the United States
Trump has long railed against EU tech and antitrust regulation over US tech giants including Alphabet Inc.'s Google, Apple Inc. and Meta Platforms Inc
Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The US duties on Indian goods will increase to 50 per cent from August 27. The move will severely disrupt the flow of Indian goods to its largest export market, Federation of Indian Export Organisations (FIEO) President S C Ralhan said. He described the development as a setback and stated that it can severely impact India's exports to the US, with about 55 per cent of India's US-bound shipments (worth USD 47-48 billion) now exposed to pricing disadvantages of 30-35 per cent, rendering them uncompetitive in comparison to its competitors from China, Vietnam, Cambodia, Philippines and other Southeast and South Asian countries. "FIEO expresses grave concern over the US government's imposition of an additional 25 per cent tarif
Crisil warns India's garment sector revenue growth will slow to 3-5% in FY26 as US tariffs rise to 50%, eroding competitiveness against Bangladesh, Vietnam and China
President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services
All the six members of the MPC unanimously decided to keep the policy repo rate unchanged at 5.5 per cent while maintaining the "neutral" stance
Our own negotiations have so far come to nought. We face amongst the highest tariffs of any country. Mr Trump has supplemented his tariffs with claims and threats
The 20 countries accounted for 69 per cent of India's total value of goods exported during the first four months of FY26