Indian textile exporters are scrambling to address the fallout from the newly imposed 50% US tariff, anticipating significant revenue decline and potential job losses of around half a million. They are urgently negotiating with US buyers and seeking government support…
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The Indian government has extended the duty-free cotton import policy until December 31, 2025, to alleviate the impact of the 50% US tariffs on textile exports. This exemption, covering various levies, aims to lower input costs across the textile value…
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The Indian government is poised to simplify the GST structure, reducing tax slabs and rates on key consumer goods. This overhaul, expected to boost consumption by 0.2-0.3% of GDP, will make items like food products and durables more affordable. The…
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This has turned out to be precarious moment for the Indian garment industry as the implications of US tariffs extend far beyond financial figures. They touch the lives of countless workers who depend on the industry for their livelihoods, highlighting…
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For Indian banking, the focus will now be on adjusting to the new interest rate environment and leveraging the anticipated increase in liquidity to improve their financial performance in the coming months. While the initial quarter has presented challenges, the…
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At the upcoming Shanghai Cooperation Organisation summit in Tianjin, the revival of the Russia-India-China (RIC) troika is under consideration. Moscow aims to resurrect the alliance as a shield against political and economic isolation amid trade tensions. However, historical rivalries and…
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