Trade strategy: Piyush Goyal says India Inc in ‘cosy comfort zone’ of 1.4 bn people market, urges global push amid US tariffs – The Times of India

Trade strategy: Piyush Goyal says India Inc in ‘cosy comfort zone’ of 1.4 bn people market, urges global push amid US tariffs – The Times of India

Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in June….

Read More
‘Will neither bow down nor appear weak’: Piyush Goyal on trade deals with India; message amid US tariffs – The Times of India

‘Will neither bow down nor appear weak’: Piyush Goyal on trade deals with India; message amid US tariffs – The Times of India

Piyush Goyal at Bharat Buildcore curtain raiser Union commerce and industry Minister Piyush Goyal on Friday said India would not compromise its self-respect in trade negotiations. His comments come at a time when India has been hit by 50% US tariffs and trade deal negotiations between the countries have hit a stalemate.“If any country wants…

Read More
Donald Trump tariffs on India: RBI to sit with industry stakeholders to assess impact; check details – The Times of India

Donald Trump tariffs on India: RBI to sit with industry stakeholders to assess impact; check details – The Times of India

Industry exporters have requested various relief measures, including a one-year interest payment suspension on principal. (AI image) With Donald Trump’s 50% tariffs coming into effect, the Reserve Bank of India (RBI) is set to convene discussions with business stakeholders to evaluate the impact across various sectors. These consultations are scheduled for September, ahead of the…

Read More
Industry says eco resilient, to pursue diversification strategy – The Times of India

Industry says eco resilient, to pursue diversification strategy – The Times of India

New Delhi: Backing govt stand on the trade deal with the US, Indian industry on Wednesday said the economy remained resilient and businesses will pursue a diversification strategy to offset impact of 50% additional tariffs imposed by American President Donald Trump on Indian exports.While acknowledging challenges, Apparel Export Promotion Council chief Sudhir Sekhri wrote to…

Read More
Trade war: India-US trade negotiations crucial, says finance ministry; warns secondary, tertiary effects of tariffs pose challenges – The Times of India

Trade war: India-US trade negotiations crucial, says finance ministry; warns secondary, tertiary effects of tariffs pose challenges – The Times of India

NEW DELHI: The finance ministry on Wednesday cautioned that while the immediate impact of US tariffs on Indian exports may be limited, their secondary and long-term effects could pose significant challenges. The remarks come as Washington’s 50% duties on Indian goods took effect from August 27, covering exports worth over $48 billion.The ministry’s monthly economic…

Read More
‘No cause for panic’: India-US tariff issue manageable, say govt sources; impact unlikely to be ‘severe’ – The Times of India

‘No cause for panic’: India-US tariff issue manageable, say govt sources; impact unlikely to be ‘severe’ – The Times of India

Representative AI image NEW DELHI: Government sources on Wednesday said there is “no cause for panic” over the 50% tariffs imposed by the US on Indian goods, adding talks remain open between the two sides to resolve the issue. “The impact (of the tariffs) is unlikely to be as severe as feared given the diversified…

Read More