The United States has implemented a 26% import duty on Indian goods, escalating trade tensions between the two nations. This move is expected to significantly impact Indian exporters, particularly in sectors like textiles and gems.
🗂 Economy | 📰 The Economic Times
Moody's Analytics has reduced India's GDP growth projection for 2025 to 6.1%, citing potential threats from increased US tariffs. The report highlights that sectors such as gems, textiles, and medical devices may be among the worst affected.
🗂 Economy | 📰 The Economic Times
Following a 90-day suspension of reciprocal tariffs by the US, India is seeking to expedite trade agreement discussions. The goal is to bolster bilateral trade, targeting $500 billion by 2030.
🗂 Economy | 📰 Times of India
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) remained closed on April 10, 2025, in observance of Mahavir Jayanti. Trading is set to resume on April 11.
🗂 Economy | 📰 The Economic Times
Banks across several Indian states, including Gujarat, Maharashtra, and New Delhi, were closed on April 10, 2025, to mark Mahavir Jayanti. Customers were advised to use digital banking services during this period.
🗂 Economy | 📰 Times of India