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India is playing its cards well, says CEA amid Trump tariff disruption

YourStory

YourStory · 4m ago

India is playing its cards well, says CEA amid Trump tariff disruption

Venkatramanan Anantha Nageswaran, Chief Economic Advisor to the Indian government, emphasizes India’s resilience amidst global trade turmoil, notably from US tariffs. Speaking at Startup Mahakumbh 2025 in New Delhi, he stresses India's intrinsic economic strengths, including domestic consumption and growing service exports, predicting around 6.5% growth. Despite global volatility, he advocates leveraging economic fundamentals and sees disruptions as opportunities to reevaluate traditional economic models, highlighting India's strategic economic positioning.

Related News

India has not been a good trading partner, says Donald Trump

Economic Times

Economic Times · 23d ago

India has not been a good trading partner, says Donald Trump

U.S. President Donald Trump criticized India as an unsuitable trading partner, planning significant tariff increases on Indian imports due to its ongoing Russian oil purchases. Trump accused India of fueling Russia's war efforts, citing high Indian tariffs as a sticking point. India, buying substantial Russian oil volumes, refuted the criticism, noting extensive U.S. and EU trade with Russia. The tariff hike could heavily impact Indian exports, with predicted declines in trade value.

Tariff War Create Opportunity for India in Some of Sectors: CEA

OutlookIndia

OutlookIndia · 3m ago

Tariff War Create Opportunity for India in Some of Sectors: CEA

The ongoing tariff war, initiated by the U.S. administration, is seen as an opportunity for India in certain sectors, according to Chief Economic Adviser V Anantha Nageswaran. Addressing the CII Annual Business Meet, he noted India's benefits like low energy prices. India and the U.S. are working on a bilateral trade agreement. Despite present challenges, India seeks to leverage tariff advantages for long-term economic growth, with plans to double bilateral trade and become a $5 trillion economy by 2027-28.

Trump says all BRICS nations, including India, to face additional 10% tariff

Economic Times

Economic Times · 1m ago

Trump says all BRICS nations, including India, to face additional 10% tariff

U.S. President Donald Trump announced that BRICS nations, including India, would face an additional 10% tariff, accusing the bloc of trying to undermine the U.S. dollar. Trump stated that India would not be exempted from the tariffs as a part of BRICS. Though the tariff threat isn't immediate, it would be enacted if any BRICS country takes actions deemed "anti-American." Trump added he doesn't see BRICS as a real threat to America.

Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times

Economic Times

Economic Times · 22d ago

Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times

Apple plans to invest $100 billion in US manufacturing amid tariff pressure from the Trump administration. President Trump, advocating for US production, is expected to announce this initiative with Apple CEO Tim Cook. This move follows Apple's $500 billion investment plan to bolster its AI infrastructure and mitigate tariff impacts. A new factory in Texas and a manufacturing academy in Detroit are part of the strategy to foster AI-driven production techniques within the US.

Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley

VCCircle

VCCircle · 4m ago

Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley

Following the U.S. tariff imposition by President Trump, Asian hedge funds increased investments in Japan and India due to their resilience during market turmoil, reports Morgan Stanley. Japan's Nikkei 225 recovered from initial losses, and Indian stocks rose over 3% in April. Investors are hopeful for favorable U.S. trade negotiations. Funds also bought shares in Taiwan for short cover, while selling off in Australia, China, and Chinese consumer discretionary stocks amid ongoing trade tensions.

Blackstone backs Trump's tariff move, says it will boost US manufacturing

VCCircle

VCCircle · 5m ago

Blackstone backs Trump's tariff move, says it will boost US manufacturing

Blackstone CEO Stephen Schwarzman supports U.S. President Trump's tariffs, predicting they will enhance American manufacturing and stimulate economic growth. While Trump's tariff policies worry investors globally, Schwarzman, speaking in Mumbai, expects positive outcomes from U.S.-India tariff negotiations after Trump and Modi's meeting. Blackstone aims to double its assets in India, focusing on infrastructure, as it continues significant investments in real estate, healthcare, and technology sectors within the country.

Textile firms brace for US tariffs, fear job losses

Economic Times

Economic Times · 2d ago

Textile firms brace for US tariffs, fear job losses

The Trump administration's new 50% tariff on Indian textiles is causing significant concern among exporters in India. They are urgently meeting to address potential impacts on current and future U.S. orders. The industry fears substantial job losses, with estimates of around half a million positions at risk. Exporters are traveling to the U.S. to renegotiate terms with buyers amid growing uncertainty. The tariff may halve the revenue growth rate for readymade garment manufacturers, intensifying competitive pressures.

Donald Trump says 'it's okay' as White House aides schedule call with Musk, Politico reports

Economic Times

Economic Times · 2m ago

Donald Trump says 'it's okay' as White House aides schedule call with Musk, Politico reports

In response to recent tensions between Donald Trump and Elon Musk, President Trump expressed a positive outlook, noting that everything is going well. Meanwhile, White House aides have organized a call with Musk, aiming to mend fences and ease the situation. These developments suggest efforts to maintain cordial relations amid public disputes, highlighting ongoing political diplomacy between the administration and influential tech leaders like Musk.

Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute

OutlookIndia

OutlookIndia · 3m ago

Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute

US President Donald Trump is considering extending the deadline for ByteDance to divest TikTok’s US assets, amid US-China tariff disputes. Trump postponed a TikTok ban twice, valuing its connection with young voters, and expressed interest in protecting the app. A potential US-based deal is hindered by China's non-approval, relating to reciprocal tariffs. TikTok denies allegations of security threats or manipulation, asserting its independence from any governmental influence, including China.

India offered US a deal, basically zero tariffs, says Donald Trump

Economic Times

Economic Times · 3m ago

India offered US a deal, basically zero tariffs, says Donald Trump

In a significant development, US President Donald Trump announced that India has proposed a trade deal offering zero tariffs on a wide range of American products. Both nations are engaged in high-level trade negotiations to resolve tariff issues. India aims to reduce average tariffs from 13% to under 4% and seeks US tariff exemptions in return. Recently, the US temporarily suspended additional tariffs on Indian exports, fostering positive trade discussions.

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