India’s domestic medical device manufacturers have raised concerns over a surge in indirect imports of Chinese-origin products routed through countries like Hong Kong, Malaysia, and Singapore. These rising imports, coupled with falling export growth, have prompted the Association of Indian Medical Device Industry (AiMeD) to seek urgent intervention from Commerce Minister Piyush Goyal. Indirect Import …
Union Health Minister J P Nadda will visit Odisha for 2 days starting from April 11 to April 13 to launch the Ayushman Bharat scheme along with other healthcare initiatives in the state. Launch Event in Cuttack Nadda will arrive in Bhubaneswar at around 1 PM and then travel to Cuttack, where he will attend …
India’s exports could come under pressure next year as the World Trade Organisation (WTO) has sharply lowered its global trade forecast for 2025. The WTO now expects world merchandise trade volume to shrink by 0.2% in 2025, a big drop from its earlier projection of 2.7% growth. This revision comes after factoring in the U.S.’s …
The USD/INR spot rate is trading lower at 85.61 at 4:20 PM as of April 16, 2025, marking a 0.11% decline (-0.09) on the day. The pair has moved within a tight intraday range of 85.52 to 85.76, reflecting cautious sentiment ahead of key U.S. economic events. Market Drivers: Dollar Dips, Oil Drops, and Policy …
A new study has shed light on how India’s wealthiest individuals significantly underreport their income and, in turn, pay far less in taxes than one might expect based on their vast fortunes. The research, conducted by Ram Singh, director of the Delhi School of Economics and a member of the Reserve Bank of India’s Monetary …
A recent analysis reveals that nearly 30% of Indian exports to the US—valued at around $19 billion—will now face tariffs of 15% or higher, raising fresh concerns for exporters and policymakers alike. This shift follows the US government’s move to introduce a flat 10% import duty across all countries, replacing earlier reciprocal tariff structures. While …
In a recent address at the valedictory ceremony, Union Minister of State for Finance Mr. Pankaj Chaudhary highlighted the substantial impact of the Pradhan Mantri Mudra Yojana (PMMY) over the past decade. Since its launch, PMMY has noted the disbursement of over ₹33 lakh crore (approximately US$ 383.28 billion) in collateral-free loans to over 52 …
India’s agricultural exports to the United States may remain resilient—and even expand—despite newly announced US tariffs, as rival exporting nations face steeper trade barriers, according to leading economists. President Donald Trump recently imposed a 26% “discounted reciprocal tariff” on Indian goods as part of a broader tariff realignment targeting multiple countries. While this move initially …
As per data released by the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicle (PV) sales in India clocked a historic high of 4.3 million units during the year ended March 31, 2025 (FY25), reflecting a growth of 2% over FY24. Rising PV Sales: Key Growth Drivers The growth in passenger vehicles sales has …
India and the United States have taken a major step forward in strengthening their trade ties. The two nations have finalised the Terms of Reference (ToR) to launch the first phase of a bilateral trade agreement (BTA), focusing on reducing tariff and non-tariff barriers. This move marks a fresh chapter in their growing economic partnership. Aiming for $500 …
