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Shrimps to smartphones & diamond: FIEO identifies 300 top exports to push for US tariff cuts

Economic Times

Economic Times · 1m ago

Shrimps to smartphones & diamond: FIEO identifies 300 top exports to push for US tariff cuts

The Federation of Indian Export Organisations (FIEO) has pinpointed over 300 high-potential export items to push for US tariff reductions. This list, including frozen shrimps, pharmaceuticals, and smartphones, represents two-thirds of India’s exports to the US. FIEO seeks export promotion and trade facilitation to secure competitive advantages. Ongoing negotiations face complexity due to U.S. demands and India's reluctance to offer concessions in sensitive sectors, amidst U.S. pressures under President Trump's administration.

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Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

Economic Times

Economic Times · 4m ago

Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.

Trump's 25% tariff may put pressure on India’s gem and jewellery exports

Economic Times

Economic Times · 29d ago

Trump's 25% tariff may put pressure on India’s gem and jewellery exports

The recent imposition of a 25% tariff by the US on India’s gem and jewellery exports, effective from August 1, is expected to significantly impact the industry. This steep tariff raises concerns about reduced orders, inflated costs, squeezed profit margins, and potential job losses, particularly in Surat's diamond hub. India's gem and jewellery trade, already reeling from a previous 10% tariff, faces heightened challenges as exporters struggle with price negotiations and survival concerns.

US tariffs may cost India’s electronics sector up to $30 billion

Economic Times

Economic Times · 21d ago

US tariffs may cost India’s electronics sector up to $30 billion

India's electronics industry could lose up to $30 billion in business due to US tariffs, potentially impacting semiconductors. Despite exemptions for Apple and Samsung, other electronics exports remain vulnerable. Smartphone exports are expected to increase reliance, with India currently exporting $38.6 billion in electronics, $14.6 billion of which goes to the US. The tariffs could double, affecting the non-smartphone segment heavily, while US tariff exemptions mainly cover smartphones and telecom equipment.

FIEO and Amazon ink partnership to boost Indian MSME exports through e-commerce

Economic Times

Economic Times · 22d ago

FIEO and Amazon ink partnership to boost Indian MSME exports through e-commerce

The Federation of Indian Export Organisations (FIEO) and Amazon India have signed a Memorandum of Understanding to boost exports by Indian micro, small, and medium enterprises (MSMEs) through e-commerce. This partnership aims to overcome traditional export barriers and support Indian businesses' global reach using Amazon’s marketplace presence. The collaboration is expected to enhance export capabilities and contribute to achieving $200-300 billion in e-commerce exports by 2030, aligning with Amazon's goal of $80 billion in cumulative exports from India by then.

High US tariff comes 'shocking'; to hit India's shrimp exports: Agri-economist Ashok Gulati

Economic Times

Economic Times · 29d ago

High US tariff comes 'shocking'; to hit India's shrimp exports: Agri-economist Ashok Gulati

India's shrimp exports are expected to be significantly affected by a new US tariff of 25%, which includes penalties starting August 1, according to agri-economist Ashok Gulati. Trump's unexpected decision is seen as punitive and will likely benefit Equador, which faces lower tariffs. India's shrimp exports, a vital component of its seafood sector, have a significant market in the US, making this tariff particularly impactful. The tariff also influences Indian textile exports to the US.

Electronics makers enter standby mode - The Economic Times

Economic Times

Economic Times · 19d ago

Electronics makers enter standby mode - The Economic Times

Electronics companies in India are reconsidering expansion plans due to new US tariffs, losing the pricing edge over China. Smartphones and key items remain exempt, but other electronics face 50% tariff duties. Some companies, like Dixon Technologies, are in waiting mode, while others explore alternative markets. Industry associations express concerns about impacts on exports. Despite potential losses in the US market, India's domestic consumption remains a significant allure for multinational companies.

India-US levy hotline remains open

Economic Times

Economic Times · 20h ago

India-US levy hotline remains open

India and the US are maintaining communication to resolve tariff disputes, stemming from a 50% US tariff on Indian goods effective August 27. The negotiations on a Bilateral Trade Agreement (BTA) aim to double trade to $500 billion by 2030. Despite recent challenges, exports remain robust, with officials assuring minimal impact due to India's diversified exports. The US seeks reduced tariffs on specific products, while India prioritizes safeguarding its farmers' and national interests.

MeitY wants tariff shield for electronics exports - The Economic Times

Economic Times

Economic Times · 1m ago

MeitY wants tariff shield for electronics exports - The Economic Times

India is seeking a tariff shield for its electronics exports, primarily reliant on the US market, to avoid being grouped with major exporters like China. The Ministry of Electronics and Information Technology (MeitY) has urged the Commerce Department to advocate for more favorable tariffs amid ongoing US-India trade discussions. India aims to enhance its burgeoning electronics sector under government support, overcoming potential tariff barriers that may arise from US trade policies targeting exports from Asia.

US tariff to hit iPhone production expansion, electronics exports

Economic Times

Economic Times · 29d ago

US tariff to hit iPhone production expansion, electronics exports

US President Donald Trump's 25% tariff on Indian imports may hinder Apple's iPhone production expansion and electronics exports. The tariff, alongside Chinese restrictions on critical components, poses a challenge for India's electronics manufacturing sector, potentially impacting exports and increasing production costs. While Apple plans to grow its iPhone production in India, meeting US demand requires significant expansion. Experts emphasize the need for India to reduce dependencies and diversify its electronics export markets.

Crisil revises India's FY26 GDP growth to 6.5% on good monsoon, rate cuts, and rural support

Economic Times

Economic Times · 1m ago

Crisil revises India's FY26 GDP growth to 6.5% on good monsoon, rate cuts, and rural support

Crisil has revised India's GDP growth forecast for FY26 to 6.5%, citing factors like above-normal monsoon predictions, rate cuts, and government rural support. The India Meteorological Department anticipates a strong monsoon to enhance agricultural output and consumer spending. Expected additional rate cuts and income tax reductions will likely boost domestic demand and private consumption. However, global uncertainties and tariff hikes may affect exports and private investments.

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