Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The US duties on Indian goods will increase to 50 per cent from August 27.
World Junior Ch'ships: India off to flying start; Sri Lanka edge UAE in thriller
Ratings firm Crisil said on Wednesday that the uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in the current financial year. The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent.
India's computer services exports have risen 30 per cent since the advent of ChatGPT in November 2022, even as overall services exports have plateaued, World Bank's South Asia Chief Economist Franziska Ohnsorge said, terming Artificial Intelligence (AI) and the conclusion of more trade agreements that can trigger a "manufacturing renaissance", as the two big investment opportunities for India in coming years.
Ace Indian swimmer Srihari Nataraj dazzled on the opening day of the 11th Asian Aquatics Championships, clinching the 200m freestyle silver medal in the elite continental competition in over 16 years, in Ahmedabad on Sunday.
'Zubeen Garg had come on his own free will.'
China calls the shoal Huangyan Dao. China has already deployed some of its biggest CCG vessels in the area to assert its claims.
The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.
On August 7, the US president announced doubling tariffs on Indian goods to 50 percent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement.
'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
'It is a matter of great pride for India to be among the hosts of the AFC U17 Asian Cup Saudi Arabia 2026 Qualifiers, and I am particularly pleased to see Ahmedabad take centre stage.
'Countries like Cambodia, Vietnam, Laos, and the Philippines have a 50 per cent increase in bookings.'
The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
World champion GM D Gukesh finished tied sixth as Levon Aronian of USA convincingly won the St. Louis Rapid and Blitz that concluded in St Louis.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
Describing the visit as "productive" in a post on X, the PM said he emphasised India's position on key global issues during his engagements.
India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent). India ranks third in fare increases during the same period in international skies, behind the United Arab Emirates (UAE) and Malaysia. The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting.
India is set to become the world's fourth-largest economy in 2025, but slow income growth, lack of structural change, and rising inequality highlight the gap between progress and real transformation.
Maya Warrier, 9, satisfies a little of her wanderlust when she journeys across the world to Vietnam, some 10 hours by flight from her home in London.
'Geopolitically and diplomatically it's a very difficult situation for India.'
'India did not surrender. That was why he wanted to pressurise India by this 25% tariffs.'
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
'The President's expectations shifted. The goal post moved and India didn't realize that the goal post had moved.'
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
Anant Jeet Naruka shoots gold; Saurabh-Suruchi pair wins 10m air pistol mixed team bronze
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
The restructuring of tariffs by the US has led to a shift in the list of key product suppliers to the American market, with India emerging as one of the beneficiaries at the expense of China and Canada, an official said on Monday. As per an analysis, India's share in the USA's electronics exports has increased to 7.2 per cent to 3.5 per cent year-on-year in May, while China's share dipped to 11 per cent from 22 per cent during the same period.
Dysprosium and terbium, two heavy rare earth elements with unique properties, are not available in extractable quantities in India.
World champion D Gukesh overcame a loss against Leinier Dominguez Perez to beat the American duo of Wesley So and Fabiano Caruana to stand at fourth spot.
Ten Indian boxers, including seven women, will be vying for gold in the U-19 Asian Boxing Championships 2025 after registering convincing victories in their respective semifinal bouts in Bangkok on Friday.
It has charted an ambitious target. Japanese premium sports goods giant Asics - which sells 75 per cent of its shoes in the country at over ~12,000 a pair - wants to be the No. 1 running shoe player in the $90-a-pair organised market in India, currently dominated by Nike, Adidas and Puma. To do so, it is making an aggressive push into Tier-II and Tier-III cities, where customers are ready to lap them up - as well as setting up company-owned stores in four to five locations across key metros.
The festival's People's Choice Award, voted by the audience, is a strong indication of films that can eventually be nominated and even win Oscars. Twelve of the last 15 People's Choice winners have received Best Picture Oscar nominations.
Rajkanwar Sandhu takes centre fire pistol gold, Ankur Mittal excels in double trap
World champion Dommaraju Gukesh scored one win and four draws on the opening day to slip to joint-sixth in the St. Louis Rapid and Blitz chess tournament, a part of the Grand chess tour, in St. Louis (USA), on Friday.
Like Gukesh, Aronian was just able to draw two games and lost one.
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
Tanvi Sharma, Vennala Kalagotla, Tanvi Reddy advance at Asia Junior Badminton Championships.
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. The US' 50 per cent tariffs on Indian exports to America came into effect from August 27, barring a few sectors.
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