Amid rising tensions in India–US relations, United States Secretary of Commerce Howard Lutnick said during an interaction with Bloomberg TV on Friday that India would soon seek reconciliation with Washington. Lutnick predicted that within the next one or two months, India would apologise to US President Donald Trump and come to the negotiating table for...
New Delhi: After completing the rationalisation of Goods and Services Tax (GST), the Narendra Modi-led government is now preparing to roll out a relief package for Indian exporters impacted by steep tariffs imposed by US President Donald Trump. According to official sources, the package is expected to provide targeted support to sectors struggling under the...
Washington: A new wave of U.S. tariffs on Indian goods took effect on Wednesday at 9:30 AM IST, doubling the total import duty to 50 percent across a broad range of products. The tariff hike, enforced by the U.S. Department of Homeland Security, is expected to significantly impact Indian exporters, particularly those operating in labor-intensive...
Ahead of the implementation of 50% tariffs on Indian goods entering the United States from 26 August, Prime Minister Narendra Modi addressed a public rally in Ahmedabad, assuring citizens that the government will safeguard the interests of small entrepreneurs, farmers, and livestock keepers. “No matter how much pressure comes, we will find a way out,”...
New Delhi: Indian auto component manufacturers have a considerable opportunity to enhance their exports, particularly within the independent aftermarket sector, as indicated by a report from EY-Parthenon. The report emphasized that the global auto component market presents robust growth opportunities for Indian suppliers, with nations such as Brazil, Indonesia, Colombia, and various regions in Africa...