BUSINESS
India’s effective tariff burden rises sharply, over double that of Vietnam and Philippines
Tariff escalation threatens $63 billion in exports, puts labour-intensive sectors at risk
BUSINESS
Trump’s tariff hike sparks competitiveness, layoff fears among India’s MSME exporters
Over $50 bn in trade at risk as effective duties on labour-intensive sectors climb to over 50%, industry warns of job losses
BUSINESS
Over half of India’s exports to US now in jeopardy under Trump’s tariff hike
Average duty on Indian goods rises to 50%, threatening $63.5 bn in trade despite exemptions for pharma, auto, and tech
BUSINESS
Himachal’s traditional destinations less popular now as domestic tourists take road less travelled
Shimla, long regarded as the crown jewel of Himachal tourism, saw its share of domestic tourists fall to 14.3 percent in 2024, down from over 19 percent in 2016 and 22 percent in 2008
BUSINESS
India-Philippines’ ties turning strategic after a strong post-pandemic growth
Trade has grown 63% since 2019–20, with defence cooperation and sectoral realignments strengthening bilateral engagement
INDIA
Varanasi emerged as the top tourist destination in UP, overtaking Agra in 2023
Prime Minister Modi on August 2 inaugurated and laid foundation stones of projects worth Rs 2,200 crore in Varanasi and surrounding areas.
BUSINESS
Europe’s Russia rhetoric doesn’t match its trade ledger
Data from 2024 shows that the European Union's total trade with Russia stood at $70.3 billion. India, often portrayed as one of Moscow’s key post-invasion trade partners, traded $72 billion worth of goods during the same period
BUSINESS
Services activity remains strong at 60.5 in July: HSBC PMI
India’s manufacturing PMI rose to a 16-month high of 59.1 in July, up from 58.4 in the previous month
BUSINESS
Excess rainfall likely hit sowing of coarse cereals and pulses
While rice sowing has surged, erratic rains in key states have likely slowed coarse cereal and pulse acreage
BUSINESS
India’s effective tariffs on US goods are lower than those of Sri Lanka, Thailand
In 2023, India imposed an average 6.1 percent tariff on US exports, Sri Lanka levied 8.4% and Thailand 6.9%
BUSINESS
Despite US tariffs, India faces lower trade disadvantage than South Asian rivals
Effective tariff differential for India is lower than Bangladesh, Pakistan, and Sri Lanka
BUSINESS
In top trading categories, US would struggle to replace Indian imports
Despite tariff hikes, US consumers may find alternatives scarce in high-dependence categories like shrimp, jewellery, and tyres
INDIA
West Bengal has underestimated puja spending every year since FY20
Mamata Banerjee’s 30% hike in Durga Puja grants continues a pattern of budget underestimation; FY25 spend exceeded allocation by 20%
BUSINESS
GST collections rise 7.5% to Rs 1.96 lakh crore in July
Although collections remained above Rs 1.8 lakh crore for a seventh consecutive month, they were lower than the Rs 2.1 lakh crore average achieved in the first quarter of FY26
BUSINESS
Russia overtook US as India’s main crude supplier in FY22, now matching coal exports as well
Trump's comments signal geopolitical motivations behind 25% tariff hike; Russia remains India’s top defence supplier and key energy partner
BUSINESS
Manufacturing PMI rises to 16-month high of 59.1 in July
July marks second consecutive month with PMI above 58, signalling robust industrial momentum despite global headwinds
BUSINESS
FTAs, exemptions could offer cushion for over half of India’s exports to the US
Exempt categories and new FTAs with UK, UAE, and Australia can help absorb bulk of trade exposure, a Moneycontrol analysis finds
BUSINESS
Fiscal deficit for June quarter at 17.9% of full-year target, a quarter of annual capex spent
A higher-than-expected RBI dividend played a key role in containing the impact of increased capital expenditure during the quarter.
BUSINESS
Trump tariffs may shave off at most 0.3 percentage points from India’s GDP, say economists
India’s smartphone and pharma exports remain unaffected; gains from trade diversion may partly offset losses
BUSINESS
Trump's tariff could still help India compete with South Asian neighbours
India’s lower tariff burden could challenge $5 bn of exports from regional rivals, with Sri Lanka and Bangladesh most exposed.
BUSINESS
India holds over 60% share in key US imports like cumin, lab-grown diamonds, carpets and table linen
Moneycontrol analysis shows that in US had over 40 percent dependence on India in nearly a fifth of India's exports to the country
WORLD
Vietnam, Philippines and Indonesia could gain edge in over a fifth of India’s US trade categories
Vietnam could compete in 25% of overlapping product lines, but real impact limited to 5% of India’s $91 bn exports
INDIA
US slaps 25% tariff plus penalty on India: Here's how it compares to other countries
India’s machinery, electronics and chemicals exports to face fresh headwinds as trade tensions escalate; bilateral trade hit $118.4 billion in 2024
BUSINESS
India began diversifying away from China before 2025 halt in fertiliser shipments
China’s share in India’s DAP imports fell to 18.5% in FY25 from over 47% in FY19; zero shipments recorded in first five months of 2025
