Related News

Kevin Hassett (Image: X@/ani_digital) Donald Trump’s 50 percent tariffs on Indian exports to the US took effect on Wednesday, with White House officials linking the move to both trade disputes

The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs.“In

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post

Access Denied You don’t have permission to access ” on this server. Reference #18.11092017.1756359908.63da165 Source link

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1756359214.6778170 Source link

Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Nykaa, Kaynes, and Dr

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

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

Rug pulled from under carpet industry

Word Count: 468 | Estimated Reading Time: 3 minutes


Rug pulled from under carpet industry

Varanasi: With the American market accounting for almost 60% of India’s carpet exports of Rs 16,000 crore, amounting to nearly Rs 9,600 crore, the tariff hike is making the industry sweat, reports Rajeev Dikshit. Already, 85% of orders from US buyers have been put on hold.The sector is now looking towards govt for relief as Turkey and Pakistan are set to gain at India’s cost. Bhadohi-Mirzapur belt in UP accounts for 50% of the country’s total handmade carpet exports.Sanjay Gupta, director of Carpet Export Promotion Council, said: “While Rs 9,600 crore may not appear substantial in broader economic spectrum, its impact on the socio-economic fabric of rural India is immense. This export directly supports the livelihood of more than 13 lakh people, predominantly artisans and weavers.”





Source link