Tariff

April 9, 2025 10:48 AM

RBI revises FY25-26 GDP growth estimate to 6.5% amid tariff hurdles

India's real GDP growth forecast has been revised downwards to 6.5% for the current financial year 2025-26, from the earlier expectation of 6.7%, as highlighted by Reserve Bank of India (RBI) Governor Sanjay Malhotra during the policy announcement on Wednesday. The Governor noted that this growth projection follows a strong performance of 9.2% recorded in the previous financial year, 2024-25, as per figures released by the Ministry of Statistics and Programme Implementation (MOSPI). He said, "...

April 3, 2025 12:53 PM

Indian exporters to face fewer challenges as US tariffs take effect, say economists

As U.S. President Donald Trump mandates a 26 percent tariff on Indian goods, economists and industry experts believe that Indian exporters will face relatively fewer challenges compared to other major emerging markets in Asia. Among these economies, India’s tariffs remain the lowest, barring the Philippines. According to economic experts, India is expected to be less impacted by the tariffs due to its inward-focused economy, unlike export-driven nations such as China, Japan, Vietnam, and Sri ...

March 24, 2025 10:18 PM

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

U.S. President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States. This "secondary tariff" will take effect on April 2, Trump said in a Truth Social post. Trump said he is imposing the move because, he said, Venezuela has sent "tens of thousands" of people to the United States who have a "very violent nature." Earlier this month, Trump issued a 30-day wind down of a license that the U.S. had granted t...

March 21, 2025 10:06 AM

Markets open lower as global uncertainty, tariff risks weigh

The Indian stock market opened in the red on Friday, following a record-breaking close in the previous session, as global uncertainties and the looming implementation of broad-based reciprocal tariffs on April 2 dampened investor sentiment. The BSE Sensex fell by 69.91 points, opening at 76,278.16, while the NSE Nifty slipped 22.40 points to begin the session at 23,168.25. Despite the weak start, market breadth was mixed, with 31 Nifty-listed companies advancing and 19 declining. Top gainers i...

March 17, 2025 4:20 PM

“Direct dialogue happening at the top,” says Tulsi Gabbard on Trump’s tariff threat to India

US Director of National Intelligence, Tulsi Gabbard, currently visiting India as part of a multi-nation tour, on Monday said that Washington and New Delhi are engaged in high-level discussions on trade tariffs. Speaking to ANI, Gabbard highlighted the potential for strengthening economic ties between the two nations. "What I have heard from Indian government officials over the past few days is that there is a strong opportunity to enhance our economic relationship," Gabbard said. She added tha...