Sanjay Nayar, President of Assocham said that easing credit access, cutting compliance costs and introducing a government-backed skilling programme would help integrate India's MSMEs into global supply chains more effectively.
In the short-term mitigating the impact of higher US tariffs may be difficult
Negotiations between the US and India continue even after the move, Secretary, Economic Relations, Ministry of External Affairs, Dammu Ravi told reporters hours after Washington doubled the tariffs on Indian goods.
The US is the largest market for India's textile and apparel industry. India, which is the fourth biggest ready-made garment importer to the US, faces stiff competition from China, Vietnam and Bangladesh
The actions of the Trump administration may compel India to reconceptualise trade as a strategic endeavour rather than merely a commercial one. This should serve as a catalyst for change, not to withdraw from global engagement but to fundamentally transform the manner in which India interacts with the international community
A range of Indian companies across textiles, auto, agri, pharma, and jewellery are poised to see export-led growth following the signing of the deal.
Dairy remains protected; 20 percent duty on vegetable oils removed for Indian exports
India is seeking to expand market access and secure critical supplies through deeper trade and investment ties with Argentina, Brazil, Chile, and Peru.
Despite rising global demand and digital adoption, India’s $2 trillion export dream depends on fixing compliance by streamlining outdated and fragmented processes that hinder MSMEs and first-time exporters from scaling globally
China’s steel output has fallen sharply in May while India’s safeguard duty has helped crimp imports
Continued global economic uncertainties as well as pressures from Chinese exports created pressure on Indian exporters, who largely export flat steel overseas
Export Promotion Councils (EPCs) and government portals do not provide accessible, verifiable, or comprehensive exporter information to foreign buyers, the official added.
At 2.5 GW, Bangladesh is the biggest electricity export market for India as of now. Not just that, the neighbouring country uses India’s power grid to import electricity from Nepal.
During March this year, Indian textile exports were about 5.81 per cent lower, as compared to March ’24, while apparel exports registered a growth of 3.97 per cent during the same time period.
Strong performance in dairy and VAP segments fuel growth. Extensive distribution network helps in meeting growing dairy and VAP demand.
Donald Trump has announced new tariffs, including a 25% levy on imported cars, drugs, and chips, with plans to increase the rates later in the year. He claims these tariff measures are encouraging major global companies to return manufacturing to the U.S. Trump also stated that more details on the auto tariffs will be revealed on April 2, following a report from his cabinet members. Trump has long complained about unfair treatment of U.S. automotive exports, noting that the EU imposes a 10% tariff on vehicles, which is higher than the U.S. rate. The U.S. also charges a 25% tariff on imported pickup trucks to protect domestic manufacturers. The tariffs on drugs and chips will begin at 25% and rise over time, with no set start date yet. Additionally, Trump has imposed a 10% tariff on all Chinese imports and set a March 12 start date for tariffs on steel and aluminum.
The integration of the Uniclan business, continuous capacity addition, and diversified product segment are driving growth
After years of stalled negotiations on global tax issues, a global deal to ensure big companies pay a minimum tax rate of 15 percent was sealed in 2021.
Amid supply chain and margin pressures, Welspun Living focuses on strategic expansion and strong brand growth for long-term success
If the government strikes the right balance between domestic industry needs and international trade obligations, Budget 2025 could lay the foundation for a more efficient, self-reliant, and globally competitive India.
Agarwal pointed out that logistics costs in developed nations are typically 8-9 percent of the GDP to stress on India’s need to narrow the gap further
For our GDP and exports to grow, we need to focus on digital literacy, says Barthwal
Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August. Imports rose just 0.3% in September.
India was a net importer of steel through the first five months of 2024-25. Official estimates show that 1.92 million tonnes (mt) of steel was shipped from India, while 3.45 mt of the metal reached the Indian shores in this period
"While these bills aim to protect US industries, they also create opportunities for countries like India to grow their manufacturing sectors, GTRI Founder Ajay Srivastava said.