Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion
10 months, 3 weeks ago

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion

The Hindu  

India’s merchandise trade deficit, which had hit a record high of $29.9 billion in October, narrowed sequentially for the third straight month and touched a nine-month low of $17.5 billion in January, provisional estimates released by the Commerce Ministry on Thursday showed. Services exports, whose actual numbers will be released later, are estimated to have expanded 17.5% last month to $32.8 billion, taking the combined export tally to $69.72 billion, 9.28% higher than a year earlier. Commerce Secretary Sunil Barthwal said the uptick in exports was significant as it was achieved “despite the Red Sea crisis, the recessionary conditions in advanced countries and despite the falling commodity prices”. “The merchandise trade deficit during April-January 2023-24 is $207.2 billion, compared to $229.37 billion during April-January 2022-23. a decline of 9.66%,” the ministry said in a statement.

Indian Month Billion Export Jan Goods  indian  jan  goods  exporters  tally  ministry  175  merchandise  ninemonth  deficit  low  told  billion  month  trade  narrows  export  exports  sequentially

History of this topic

Gold googly bamboozles import data
2 days, 17 hours ago

Gold googly bamboozles import data

The Hindu  

In what may constitute the steepest revision in India’s trade data in recent times, the Centre has revised India’s import bill for November 2024 by almost six billion dollars to $63.86 billion from the record tally of $70 billion reported as quick estimates by the Commerce Ministry last month, led by a sharp $5 billion downward revision in gold imports. …

$5 billion shock! India makes largest-ever revision to gold import estimates for November
Trending News
3 days, 2 hours ago

$5 billion shock! India makes largest-ever revision to gold import estimates for November

Live Mint  

India has slashed its November gold import estimates by an unprecedented $5 billion, the largest revision for any commodity in history, after errors in preliminary calculations inflated the figure to a record, government data showed on Wednesday. New Delhi reported last month that its gold imports urged to a record high of $14.8 billion in November, more than doubling from …

How India’s services sector made history as goods exports floundered
6 days, 4 hours ago

How India’s services sector made history as goods exports floundered

Live Mint  

Preliminary data indicates that India’s services exports exceeded its goods exports for November 2024. At the global level, while India’s goods exports have been one of missed opportunities, services exports have an undertone of opportunity taken, driven by IT and software services. India’s share in global services exports has consistently exceeded its share in global goods exports since at least …

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank
1 week, 5 days ago

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank

Hindustan Times  

India's Current Account Deficit is expected to remain at 1.1 per cent of the Gross Domestic Product in the financial year 2024-25, according to a report by ICICI Bank. In the fiscal year 2024–2025, India's Current Account Deficit is anticipated to stay at 1.1% of GDP, citing to ICICI Bank analysis The report highlighted significant changes in the country's external …

India-Australia FTA enabled over 14% export growth in 2023-24: Piyush Goyal
Trending News
1 week, 5 days ago

India-Australia FTA enabled over 14% export growth in 2023-24: Piyush Goyal

Hindustan Times  

New Delhi: The India- Australia free trade agreement has been a “landmark” pact that enabled growth in exports by over 14% in 2023-24 and increased market access for Indian exporters, commerce minister Piyush Goyal said on the second anniversary of the India-Australia Economic Cooperation and Trade Agreement. “This landmark agreement has brought with it increased market access for Indian exporters, …

India's exports to Australia rise 64.4 pc year-on-year
1 week, 5 days ago

India's exports to Australia rise 64.4 pc year-on-year

Deccan Chronicle  

New Delhi: India’s exports to its trade agreement partner Australia rose 64.4 per cent year-on-year to $643.7 million in November on account of healthy growth in sectors such as textiles, chemicals and agricultural products. However, the country's merchandise exports recorded a decline of 5.21 per cent year-on-year to $5.56 billion during April-November 2024-25, according to the commerce ministry data. On …

India’s Services Exports Hit Historic High In Oct, Find Out Why
1 week, 6 days ago

India’s Services Exports Hit Historic High In Oct, Find Out Why

ABP News  

India’s services exports reached a historic high of $34.31 billion in October, a commerce ministry official revealed. The official further noted that India has made a name for itself as a global leader in digitally delivered services exports, backed by its strong IT sector and skilled workforce, reported PTI. In the last two decades, India grew from $30 billion in …

India’s CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report
2 weeks ago

India’s CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge: Report

Live Mint  

New Delhi, December 28 : India's Current Account Deficit is expected to rise above 2 per cent of GDP in the third quarter of FY25, driven by a surge in gold imports, according to a report by Bank of Baroda. However, resilient services exports and remittance inflows are likely to cushion the overall impact, keeping the CAD for FY25 within …

Services exports save the day for India’s current account deficit in September quarter
2 weeks ago

Services exports save the day for India’s current account deficit in September quarter

Live Mint  

Mumbai: A rise in services exports helped narrow India's current account deficit in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24. In the three months prior to that—the fourth quarter of 2023-24 —India had registered its first current account surplus in about four years due to …

India’s trade braces for an action-packed 2025
2 weeks, 4 days ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Rupee at 85 to a Dollar: Sinking Towards 100?
2 weeks, 5 days ago

Rupee at 85 to a Dollar: Sinking Towards 100?

The Quint  

India has indeed developed a strong export franchise in not only IT services but also in setting up global capability centers that employ over 1.5 million talented Indians for highly productive use. India, in contrast to its merchandise counterpart, import much less of services, and generate good surplus despite Indians’ itch to travel abroad and seek overseas education. India exported …

Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE
2 weeks, 6 days ago

Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE

Live Mint  

New Delhi, Dec 22 The country's leather and footwear exports are expected to grow by over 12 per cent to USD 5.3 billion in the current financial year on account of healthy demand in key global markets, CLE Chairman Rajendra Kumar Jalan has said. "The sector has the potential to reach a total turnover of USD 47 billion by 2030, …

Export of special technical textile products on rise, says NTTM official
3 weeks, 1 day ago

Export of special technical textile products on rise, says NTTM official

The Hindu  

“Export of special technical textile products grew 6.2% between April and November compared with the same period last year,” said Ashok Kumar Malhotra, Mission Director of the National Technical Textiles Mission. Mr. Malhotra told The Hindu on Friday that the exports were worth ₹2,915 crore from April to November this year compared to ₹2,345 crore during April - November last …

Mint Primer: How India’s trade gap soared, and how it might hurt
3 weeks, 1 day ago

Mint Primer: How India’s trade gap soared, and how it might hurt

Live Mint  

India’s gold imports jumped fourfold to nearly $15 billion in November, powering a 27% surge in goods imports. Prominent drivers of the trade deficit were higher gold imports and falling realizations from petroleum exports. Gold imports touched $14.86 billion, a fourfold increase from $3.44 billion in November 2023, driven by higher volumes, likely fuelled by festive and wedding season demand. …

Services led exports are a mixed blessing for the Indian economy
3 weeks, 2 days ago

Services led exports are a mixed blessing for the Indian economy

Live Mint  

If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. In a scenario where US President-elect Donald Trump has threatened to slap “reciprocal" tariffs on India, this strong showing of service exports and declining reliance on the export of …

Indian economy to grow 6.6% in FY26: Ind-Ra
3 weeks, 2 days ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’
3 weeks, 3 days ago

Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’

Hindustan Times  

Rahul Gandhi slammed the Narendra Modi-led BJP government for ‘prioritising crony capitalism over fair play’ and said that it leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. Tagging a media report which said that trade deficit and imports are at an all-time high, the Leader of Opposition in Lok …

Rahul slams government over trade deficit touching all-time high
3 weeks, 3 days ago

Rahul slams government over trade deficit touching all-time high

The Hindu  

Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. "Result: Weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation," he …

Rahul slams govt over trade deficit touching all-time high
3 weeks, 3 days ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Trade shocker: On November’s trade estimates
Trending News
3 weeks, 3 days ago

Trade shocker: On November’s trade estimates

The Hindu  

This October’s foreign trade numbers had offered a sliver of hope for India’s generally weak export story over the past couple of years, as goods exports grew at a 28-month high pace of 17.2%. As in August, November’s import bill spike was led by gold imports that jumped 331.5% from last November to a whopping $14.9 billion. Gems and jewellery …

DC Edit | Time to focus on service sector
3 weeks, 3 days ago

DC Edit | Time to focus on service sector

Deccan Chronicle  

India’s service exports outstripped merchandise exports for the first time ever in November 2024, according to the commerce ministry’s trade data. After sustained growth beginning from February 2024, service exports stood at $37.6 billion and merchandise exports at $32.1 billion in November 2024. While India is known to export more services than it buys from other countries, the value of …

Record trade deficit adds to rupee’s challenges, may open to all-time low
3 weeks, 4 days ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint  

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

Trade deficit at a record $38bn as gold imports rise
Top News
3 weeks, 4 days ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

Services exports surpass merchandise exports in November
3 weeks, 4 days ago

Services exports surpass merchandise exports in November

Deccan Chronicle  

Chennai: Services export value was higher than merchandise exports in November, for the first time on a monthly basis. Merchandise exports were down 4.83 per cent to $32.11 billion in November while services exports grew 27 per cent to $35.67 billion. Though services exports grew 21 per cent in October 2024 at $34.02 billion, merchandise exports were higher at $39.2 …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
3 weeks, 5 days ago

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint  

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

India’s imports rises to 27%, touches to record high of almost $70 billion
3 weeks, 5 days ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 weeks, 5 days ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Merchandise trade deficit and services trade surplus to touch record high in Q3
1 month ago

Merchandise trade deficit and services trade surplus to touch record high in Q3

Deccan Chronicle  

Chennai: In the December quarter, Indian trade will see both merchandise trade deficit and services trade surplus touching record high levels. The goods trade deficit is likely to touch a record high of $80 billion while services trade surplus too could register a fresh high of around $49 billion in Q3 FY25. The global trade in commercial services grew at …

India faces high exposure to US trade policy shift
1 month ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

India’s exports rise, boosting global presence
1 month, 1 week ago

India’s exports rise, boosting global presence

Deccan Chronicle  

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark
1 month, 1 week ago

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark

ABP News  

The commerce ministry is reviewing aspects of India-US trade relations, focusing on the implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said, according to a PTI report. Trade experts have argued that Trump’s characterisation of India as an "abuser" of tariffs is unfair, as many countries, including the US, …

India confident of better trade ties with US under Donald Trump: Piysuh Goyal
1 month, 1 week ago

India confident of better trade ties with US under Donald Trump: Piysuh Goyal

Live Mint  

Union commerce and industry minister Piyush Goyal on Thursday expressed confidence in the resilience of India-US relations as Donald Trump gears up for another term in the White House. India's exports Meanwhile, Goyal said India's total exports, including merchandise and services, are expected to cross $800 billion in 2024-25 despite challenges related to the pandemic and geopolitical crises like the …

India-China trade: An alarming $18 billion discrepancy
1 month, 2 weeks ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Nepal's trade deficit crosses Rs 460 billion in first four months of FY
1 month, 2 weeks ago

Nepal's trade deficit crosses Rs 460 billion in first four months of FY

Firstpost  

Nepal’s trade deficit with India, the largest trading partner, has crossed Rs 281 billion in the first four months of the current fiscal year. Nepal’s trade deficit crossed Rs 460 billion in the first four months of the current fiscal year, according to official figures. As per the details released by the Customs Department, Nepal imported goods worth Rs 513.38 …

India: Services Exports to Surpass Merchandise Shipments by 2030
1 month, 3 weeks ago

India: Services Exports to Surpass Merchandise Shipments by 2030

Deccan Chronicle  

Chennai: With a growth rate double that of merchandise exports, services export is set to surpass the former in five years. Between FY2019 and FY2024, India’s merchandise exports grew at a compound annual growth rate of 5.8 per cent, while services exports surged ahead at a robust CAGR of 10.5 per cent. According to GTRI, at this rate, services exports …

India trade deficit with Asian peers rising faster
1 month, 3 weeks ago

India trade deficit with Asian peers rising faster

Deccan Chronicle  

Chennai: India’s trade deficit with some of the trading blocs and economies in Asia is rising faster than its global deficit growth. From 2007-09 to 2020-22, the trade deficit grew by 302.9 per cent with ASEAN, 164 per cent with South Korea, and 138 per cent with Japan, compared to 81.2 per cent increase in the global deficit. Even in …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month, 3 weeks ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 3 weeks ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
1 month, 3 weeks ago

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda

Live Mint  

New Delhi, November 15 : India's current account deficit will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda. Despite global market volatility, the report stated that steady oil prices at current levels are a …

Merchandise exports surge amid focus on key markets, countries
Trending News
1 month, 3 weeks ago

Merchandise exports surge amid focus on key markets, countries

Hindustan Times  

India’s merchandise exports registered 17.25% growth to $39.20 billion in October over the same month last year, with non-petroleum exports aggregating a record $211.34 billion in the first seven months of current financial year despite global headwinds, commerce secretary Sunil Barthwal said, crediting a concerted policy push and Christmas demand for the growth. India’s services exports in October 2024 is …

Merchandise exports in Oct up 17 pc
1 month, 3 weeks ago

Merchandise exports in Oct up 17 pc

Deccan Chronicle  

Chennai: Buoyed by festive demand in the key markets, merchandise exports in October rose 17.26 per cent year-on-year to $39.2 billion, while it grew 13.3 per cent sequentially. While imports rose 3.88 per cent year-on-year, the sequential growth of 20 per cent saw the trade deficit widening to $27.14 billion. Imports grew 3.88 per cent year-on-year to $66.34 billion against …

India imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 3 weeks ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

India’s goods trade deficit widens to $27 billion in October
Trending News
1 month, 4 weeks ago

India’s goods trade deficit widens to $27 billion in October

Live Mint  

New Delhi: India’s merchandise trade deficit widened to a two-month high in October, driven by a rise in imports, data released by the commerce ministry on Thursday showed. The goods trade deficit—the difference between exports and imports—stood at $27.14 billion in October, up from $20.78 billion in September. The overall trade deficit, including both services and merchandise, fell to $10.12 …

India will meet its exports target of USD 800 billion this year: Commerce Secretary
1 month, 4 weeks ago

India will meet its exports target of USD 800 billion this year: Commerce Secretary

Op India  

India’s exports surged by over 19 per cent in October. Commerce Secretary Sunil Barthwal was upbeat on the trade data and said, “It has been an extremely good month for us, and not only our overall export progress has been extremely good, but if you look at April to October, this has been the highest ever non-petroleum exports from this …

Dec quarter exports to record growth yearly and sequentially: Exim Bank
1 month, 4 weeks ago

Dec quarter exports to record growth yearly and sequentially: Exim Bank

Deccan Chronicle  

Chennai: Exim Bank has projected that merchandise exports in the ongoing December quarter will touch $107.5 billion, registering a yearly growth of 1.85 per cent and sequential gain of 5 per cent. While geo-political tensions are shrouding the prospects of trade across the globe, Exim Bank is hopeful that the country will see positive growth in merchandise exports in the …

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank
1 month, 4 weeks ago

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank

Live Mint  

India's merchandise exports are likely to rise 1.85% year-on-year to $107.5 billion in the third quarter of FY25, according to India Exim Bank. Exim Bank has projected non-oil exports at $91.7 billion, marking a year-on-year growth of 7.39%. Read this | RITES sets sights on Africa for export of refurbished and underutilized railway diesel locos This anticipated growth signals a …

India bets on Modi-Trump warmth to navigate choppy future with US
Trending News
2 months ago

India bets on Modi-Trump warmth to navigate choppy future with US

Al Jazeera  

New Delhi, India — During his campaign for re-election, Donald Trump repeatedly threatened major tariffs on imports from a range of countries. Now, Trump’s “America First” agenda — which aims to offset domestic tax cuts by imposing higher tariffs on imports — could disrupt that relationship. “During the first term, Trump got into this whole ‘protectionist mode’, but upon his …

Trump's potential return sparks concerns over Indo-US trade ties, tariffs
Trending News
2 months ago

Trump's potential return sparks concerns over Indo-US trade ties, tariffs

New Indian Express  

Donald Trump’s return as the 47th president of the US will likely put Indo-US trade ties under sharp focus. Trump has promised a fresh wave of tariffs under his ‘America first’ stance, which may adversely affect countries like India and its key sectors such IT, pharmaceuticals, textiles, chemicals and automotive parts. He even proposed import duty increases of 10-20 percent …

America First, round two: What Trump's trade agenda means for India and the world
2 months ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

US elections 2024 outcome could reshape India trade ties
2 months ago

US elections 2024 outcome could reshape India trade ties

Live Mint  

NEW DELHI : With Donald Trump, the Republican nominee and former US president, leading the US presidential race, India's trade ties with the country—one of the few with which India has a merchandise trade surplus—are likely set for a paradigm shift. While Donald Trump’s America First agenda may lead to higher tariffs on Indian goods, especially in key sectors like …

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