Economy

The US had earlier suspended additional tariffs on Indian exports for 90 days, from April 10 to July 9, as negotiations showed signs of movement.

Updated : May 15, 2025

Donald Trump claims India offered 'zero tariff' deal on a wide range of American goods

Speaking a day earlier in Michigan, Trump had said tariff talks with India were "going great" and hinted at a possible deal soon. His remarks came alongside a new executive order targeting the US auto industry.

April auto sales: Passenger vehicle sales soar, says SIAM

Updated : May 15, 2025

Auto sales in April: PV segment sees highest-ever sales of April, grows 3.9% on-year

April auto sale: When it comes to total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in April 2025, the numbers added up to 2,318,882 units.

The post touched a nerve in South Asia’s charged geopolitical landscape, where comparisons between India’s booming states and Pakistan’s struggling economy often ignite heated reactions.

Updated : May 15, 2025

‘Tamil Nadu makes more money than Pakistan’: Sanjeev Bikhchandani wants Islamabad to rethink priorities

Bikhchandani’s post didn’t just compare economies—it framed them as choices. Tamil Nadu built factories, tech parks, and energy grids. Pakistan, he argued, chose weapons, proxy wars, and religious extremism.

Slamming India’s current industrial strategies as “slogans,” Huo argued that “Make in India” must go beyond assembling phones and cars. “It has to mean software, services, chips, cloud, the whole stack,” he said.

Updated : May 15, 2025

'Washington’s mood will shift...': Former Intel exec says India risks US backlash if it shuns China

He also spotlighted India’s strategic vulnerabilities if relations with the West sour, questioning whether the country could withstand sanctions or bans on U.S. tech platforms. “Can India survive without AWS, Google, Apple, and Visa? Not yet,” Huo wrote.

India-Pakistan conflict: Srinagar Airport has returned to normalcy

Updated : May 14, 2025

Srinagar airport back to normal; Haj flights resume from Wednesday

On Wednesday morning, Srinagar airport saw the successful departure of the second batch of Haj pilgrims heading to Makkah, Saudi Arabia, as part of the annual Haj pilgrimage.

Talks will focus on ironing out market access, rules of origin, and non-tariff barriers, with chief negotiators meeting from May 19 to 22.

Updated : May 14, 2025

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend

Goyal's visit follows Vice President JD Vance’s diplomatic trip to New Delhi last month and builds on groundwork laid during Prime Minister Narendra Modi’s US visit in February, where both sides set a target of finalizing a trade pact’s initial phase by fall 2025 and boosting bilateral trade to $500 billion by 2030.

Updated : May 13, 2025

CPI inflation eases to 3.16% in April from 3.34% in March, lowest since July 2019

Food inflation for the month of April as opposed to a year-ago is 1.78 per cent. Corresponding inflation rates for rural and urban are 1.85 per cent and 1.64 per cent, respectively.

India estimates the U.S. measures impact $7.6 billion worth of its aluminium, steel, and derivative exports

Updated : May 13, 2025

Have India-U.S. trade talks hit a rough patch? WTO filing signals hardening New Delhi stance

The signs of strain follow trade negotiations that had previously shown momentum. Both sides had signaled progress, but the U.S.'s recent comments have raised doubts about the pace and outcome of the talks.

India proposes tariffs on US steel and aluminium

Updated : May 13, 2025

India proposes retaliatory duties against US steel, aluminium tariffs

"The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States," India said in the notice.

Pakistan’s economy was on a recovery track with GDP growth at 2.5% in FY24 and estimated at 2.7% in FY25.

Updated : May 10, 2025

Low growth, high inflation, natural disasters, high external debt: Many challenges that riddle Pakistan’s economy

The IMF bailout since September has seen results, but risks on several fronts continue

FM Sitharaman directed all banks to remain fully alert and prepared to handle any crisis, ensuring uninterrupted access to banking services for both citizens and businesses, particularly in border areas.

Updated : May 9, 2025

FM Nirmala Sitharaman directs banks to stay on high alert amid rising India-Pakistan tensions

On Friday, FM Sitharaman convened a high-level meeting with the top officials of both public, private sector banks and insurance companies and reviewed the banking sector's cybersecurity preparedness.

Morningstar DBRS suggested that India's credit rating could see further improvements if the country continues to implement reforms that boost investment and enhance medium-term growth prospects.

Updated : May 10, 2025

Morningstar DBRS raises India’s credit rating, citing resilient banking sector and fiscal reforms

Despite ongoing tensions in Kashmir, Morningstar DBRS expects these regional issues to remain contained and believes they will not significantly affect India's medium-term growth prospects or creditworthiness.

Earlier in the day, government officials said there’s no disruption in rail, road and air cargo, and price levels of key items are stable in nearly 500 markets.

Updated : May 9, 2025

No signs of food inflation amid Indo-Pak tensions, Govt cautious on economic outlook: FinMin official

An official said the Ministry of Finance is on high alert and is keeping a watchful eye on how the escalating conflict may affect various sectors, including supply chains and overall economic performance.

Indian airlines are expected to face losses of Rs 30 crore daily, as per a report

Updated : May 9, 2025

Indian airlines stare at a loss of Rs 30 crore daily amid India-Pakistan conflict: Report

With around 400 flights cancelled in northern and western regions due to ongoing tension between India and Pakistan, Indian aviation players see nearly Rs 30 crore revenue losses daily, according to an HSBC report.

Pakistan asks its international partners for more loans

Updated : May 9, 2025

‘Heavy losses inflicted’: Pakistan govt asks for more loans from international partners

Meanwhile, India has indicated that it may urge the International Monetary Fund (IMF) to exercise caution regarding its bailout package to Pakistan.

The FTA has 26 chapters and the legal scrubbing would be done jointly by India and UK.

Updated : May 8, 2025

India-UK FTA implementation could be some time away

The process could take around 15 months but effort would be to accelerate it

The FTA was officially sealed three years after PM Modi and former PM Boris Johnson agreed to complete it by October 2022.

Updated : May 8, 2025

India-UK FTA: 'Best part of deal is getting almost 99% tariff lines...', says senior government official

PM Narendra Modi hailed the agreement as a historic moment, while Commerce Minister Piyush Goyal noted that the trade deal establishes a new standard for fair and ambitious trade.

India Hydrogen Alliance (IH2A) has proposed 10% HPO for existing plants

Updated : May 8, 2025

Green hydrogen purchase obligations must achieve 2030 target: Industry body

National Green Hydrogen Mission 2030 targets and combined hydrogen-related investments worth $80 bn at risk in absence of the purchase obligations and demand creation, says India Hydrogen Alliance.

India-UK FTA: Keir Starmer defends trade deal with India

Updated : May 8, 2025

‘They faffed around for 8 yrs’: UK PM Starmer defends ambitious FTA with India, tax clause

India-UK FTA: The UK Opposition – the Tories – have criticised the Double Contribution Convention clause that allows Indian workers seconded to Britain will not have to pay National Insurance contributions for the first three years.

He explained that U.S. diplomacy has often focused on preventing India from launching a major attack, fearing that it could trigger Pakistan’s nuclear response

Updated : May 8, 2025

'Donald Trump might give India a sweetheart deal': US scholar on stopping India-Pakistan war

The broader context, according to Mearsheimer, is far more alarming. He warned that the India-Pakistan conflict is dangerously unstable, and noted that the United States has historically intervened to de-escalate tensions.

The UK's agreement with India ranks third in size, following its deals with Australia and Japan.

Updated : May 7, 2025

India–UK FTA paves way for £25.5 bn trade boost: SBI report

According to an SBI Research report, the FTA is expected to enhance bilateral trade by £25.5 billion, contribute £4.8 billion to the UK’s GDP, and boost UK annual wages by £2.2 billion. For India, the deal brings expanded access to the UK market in labour-intensive sectors.

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Economy

Donald Trump claims India offered 'zero tariff' deal on a wide range of American goods

Auto sales in April: PV segment sees highest-ever sales of April, grows 3.9% on-year

‘Tamil Nadu makes more money than Pakistan’: Sanjeev Bikhchandani wants Islamabad to rethink priorities

'Washington’s mood will shift...': Former Intel exec says India risks US backlash if it shuns China

Srinagar airport back to normal; Haj flights resume from Wednesday

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend

CPI inflation eases to 3.16% in April from 3.34% in March, lowest since July 2019

Have India-U.S. trade talks hit a rough patch? WTO filing signals hardening New Delhi stance

India proposes retaliatory duties against US steel, aluminium tariffs

Low growth, high inflation, natural disasters, high external debt: Many challenges that riddle Pakistan’s economy

FM Nirmala Sitharaman directs banks to stay on high alert amid rising India-Pakistan tensions

Morningstar DBRS raises India’s credit rating, citing resilient banking sector and fiscal reforms

No signs of food inflation amid Indo-Pak tensions, Govt cautious on economic outlook: FinMin official

Indian airlines stare at a loss of Rs 30 crore daily amid India-Pakistan conflict: Report

‘Heavy losses inflicted’: Pakistan govt asks for more loans from international partners

India-UK FTA implementation could be some time away

India-UK FTA: 'Best part of deal is getting almost 99% tariff lines...', says senior government official

Green hydrogen purchase obligations must achieve 2030 target: Industry body

‘They faffed around for 8 yrs’: UK PM Starmer defends ambitious FTA with India, tax clause

'Donald Trump might give India a sweetheart deal': US scholar on stopping India-Pakistan war

India–UK FTA paves way for £25.5 bn trade boost: SBI report

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