India | DD News

August 28, 2025 4:48 PM

FM Sitharaman assures exporters of govt support amid US tariff hike

Finance Minister Nirmala Sitharaman on Thursday reassured exporters that the government stands firmly with them as the hike in US tariffs comes into effect, creating uncertainty in the global market. Addressing a delegation of the Federation of Indian Export Organisations (FIEO), the Finance Minister stressed the importance of protecting workers’ livelihoods and urged industry leaders to assure employees of job continuity despite global headwinds. She underlined that the government will e...

August 13, 2025 1:51 PM

India’s current account deficit projected at 0.9% in FY26 despite US tariffs

India’s current account deficit (CAD) is expected to remain below 1 per cent of GDP in the current financial year despite the higher tariffs imposed by US President Donald Trump on Indian goods, according to CareEdge Ratings. The rating agency has projected CAD at 0.9 per cent for FY26, citing India’s domestic-driven economy and relatively low goods export share to the US — around 2 per cent of GDP — as factors providing a cushion against the tariff impact. Exports to the US, which acc...

August 7, 2025 8:20 AM

Trump imposes additional 25% tariff on Indian imports; economists warn of impact on growth

U.S. President Donald Trump has imposed an additional 25% tariff on imports from India, a move economists say could dent India’s GDP growth in FY26 by up to 0.4%. Sonal Badhan, Economics Specialist at Bank of Baroda, told ANI, “We had initially priced in an approximate 0.2% impact on GDP growth due to the earlier 25–26% tariffs imposed by the U.S. The additional 25% hike will come into effect after 21 days. During this time—or in the coming months—there is a likelihood that lower rate...

July 31, 2025 9:57 AM

Will take all necessary steps to safeguard national interest: India responds to Trump’s statement on bilateral trade

The Government of India has taken note of a recent statement by the US President concerning bilateral trade and is currently studying its implications. Over the past few months, India and the United States have been engaged in negotiations aimed at concluding a fair, balanced, and mutually beneficial bilateral trade agreement. The government has reiterated its commitment to achieving this objective. Emphasizing its priorities, the government said that it attaches the utmost importance to prote...

July 30, 2025 4:36 PM

Skilled Workforce Drives India’s Rise as the World’s Leading Remittance Recipient

Thanks to the demographic dividend, with 65% of India’s population being under 35 years of age, and India being the largest provider of human resources in the world, with the largest pool of STEM graduates (STEM: Science, Technology, Engineering, and Mathematics) (according to an EY study), the country continues to remain the largest recipient of inward remittances — a trend maintained since 2008, according to the World Bank. In 2001, India’s share in the world’s total remittances was 11...

June 27, 2025 12:48 PM

India’s engineering exports to US rise in May despite tariff challenges

India’s engineering goods exports to the United States saw a 4.6 per cent increase in May this year, reaching $1.74 billion, even as exporters navigated uncertainty over tariff measures announced by President Donald Trump. The uptick reflects resilience in bilateral trade, particularly in high-value engineering segments. Exports to major European economies also showed a positive trend. Shipments to Germany, the United Kingdom and the Netherlands recorded healthy growth, helping offset a s...