Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
Trump may or may not like Modi on a personal level. But there’s one thing we do know about the US President: his approach to most issues is strictly transactional.
Import tariffs are not an economic consideration for the government of India anyway, with data from Budget 2025-26 showing that customs duty isn’t a key revenue source.
India needs a transparent, institutional mechanism to look at both the short and long-term implications of tariffs. A nation must also protect domestic manufacturing.
Setting the stage for a trade war with Canada, Mexico & China, Trump has announced 25 percent tariffs on goods from the 2 North American countries & 10 percent tariffs on Chinese exports.
In post on Truth Social, the newly sworn-in US President claimed that he would levy sanctions, taxes against Russia & other participating countries if a deal to end war is not reached soon.
The rupee has been depreciating lately due to FPI outflows, dollar strength & weak corporate performance. The slide, however, is less steep compared to other emerging markets.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
BYD is running rings around Tesla for sure. When I think of China, the image that forms is of the Niagara Falls.