Amid US tariffs on Indian goods tied to its Russian oil imports, External Affairs Minister Jaishankar urges broader market access for Indian exports as bilateral trade soars.
India faces increasing economic pressure as steep 50% US tariffs jeopardize key export sectors, potentially opening the door for competitors while prompting urgent responses from India’s political and state leaders.
Orders stall, rivals swoop in, and over 2 lakh jobs could be at risk if crisis deepens.
With tariffs deepening rift over Russian oil, New Delhi explores concessions to salvage key deal amid growing industry unease and fragile export margins.
As Apple ramps up domestic production with its American manufacturing program, India — a key iPhone exporter — braces for ripple effects amid rising tariffs and shifting global supply chains.
India faces one of the highest surcharges among over 90 countries affected by the US’s new tariff regime, with the added duty linked to its discounted oil imports from Russia.
Citing inflation volatility, trade tensions, and ongoing rate transmission, Reserve Bank of India opts for a wait-and-watch approach with neutral stance intact.
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