Wednesday, August 13, 2025

Creating liberating content

MUMBAI: When people think about luxury brands, they associate them

MUMBAI: Zerodha co-founder and billionaire investor Nikhil Kamath has invested

Top stocks to buy today (AI image) Stock market recommendations:

MUMBAI: Markets regulator Sebi has rejected a plea by Anil

Related News

MUMBAI: When people think about luxury brands, they associate them with huge brick-and-mortar stores. But players in this space are challenging that conventional norm – from global brands Bvlgari, Chanel,

MUMBAI: Zerodha co-founder and billionaire investor Nikhil Kamath has invested in film actor Shah Rukh Khan’s spirits business, increasing his involvement in the country’s alcobev sector following his stake purchase

Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Intellect Design, Diffusion Engineers, and Sumitomo

MUMBAI: Markets regulator Sebi has rejected a plea by Anil Ambani to settle charges related to investments in lender Yes Bank, potentially exposing him to at least a Rs 1,828

MUMBAI: In its efforts to make investing in India easier for investors of all types, markets regulator Sebi is aiming to make IPO filing through a template , optimising existing

NEW DELHI: Retail inflation slowed to an eight-year low in July due to moderating food prices. Also, the easing trend continued for the ninth month in a row, providing comfort

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

India exports strategy: Focus shifts to 50 nations; plan aims to offset US tariff blow

Word Count: 652 | Estimated Reading Time: 4 minutes


India exports strategy: Focus shifts to 50 nations; plan aims to offset US tariff blow

India is widening its export focus to 50 countries, including key markets in West Asia and Africa, in a bid to lessen dependence on any single buyer and cushion the blow from steep US import tariffs.According to ET, these markets together account for about 90% of India’s total exports.Officials from the commerce and industry ministry said a product-by-product review is under way to identify competitive advantages and rival offerings. “The idea is to tap top 50 countries and look at each product and the competitors. India must mitigate risks to improve manufacturing and export competitiveness,” an official cited by ET said. This effort is being coordinated with export promotion bodies.The urgency stems from Washington’s decision to raise duties on Indian imports from 25% to 50%, matching Brazil’s rate and marking the highest tariff level for any country. The first 25% hike took effect last week, while the additional 25% will apply from August 27. Sectors such as textiles, leather, marine products, gems and jewellery are expected to face the sharpest impact.Compounding the challenge, rival exporters such as Turkey, Vietnam and Thailand face significantly lower duties of 15%, 20% and 19% respectively, making Indian products less competitive in the US. “The US is our single largest market, accounting for over $10 billion in exports, nearly 30% of our industry’s total global trade. A blanket tariff of this magnitude is severely devastating for the sector,” said Kirit Bhansali, chairman of the Gem and Jewellery Export Promotion Council.The government’s strategy to counter the impact includes customised schemes under the proposed Export Promotion Mission, redirecting goods to alternative markets, and pushing under-exported products into the domestic market. The list of priority countries has also expanded from 20 to 50.Bhansali warned that trade diversion through low-tariff nations such as Mexico, Canada, Turkey, UAE or Oman could undermine transparency and the integrity of legitimate trade.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account