One of the steepest tariffs imposed by the Donald Trump-administration continue to deal a heavy blow to India’s textile, handicraft, apparel, gems and leather industries.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Data shows Indian exports to the US in the first seven months of this financial year crossed $50 billion. Electronic & engineering goods, drugs & pharmaceuticals drive exports.
At a policy dialogue held by Chintan Research Foundation, experts discussed the importance of export-led growth & how need for innovation is more acute in a changing global trading regime.
As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
Trade deal is set to cut average tariffs from 15% to 3%. Indian agricultural exporters are set to enjoy duty-free access in a number of sectors, similar to those from Germany.
Trade data shows India exported cotton yarn valued at $3.57 billion in 2024, and Bangladesh was the largest recipient, accounting for about 45.9% of India's total cotton yarn exports.
A sound tax system is one based on the ability to pay or economic surplus. But the STT taxes the circulation of capital and not its returns, making it deeply distortionary.
Exporters said the Budget’s proposals to increase duty-free import limits on processing, create 500 reservoirs and support fisheries startups will boost the marine industry.
With recruitments under Agnipath set to rise, the Union Budget has significantly increased spending, with the Army taking nearly 87% of the total outlay.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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