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India’s exports to the United States have dropped sharply over the last five months after the US increased import tariffs on Indian goods, doubling them from 25% to 50%. A report by the Global Trade Research Initiative (GTRI) shows that exports fell 28.5%, from $8.83 billion in May 2025 to $6.31 billion in October 2025….
India’s exports to the United States saw a sharp 28.5% fall between May and October 2025 as aggressive tariff hikes by Washington hit key sectors. According to the Global Trade Research Initiative (GTRI), shipments dropped from $8.83 billion to $6.31 billion during the period, coinciding with US duties rising from 10% in April to 25%…
Indian companies are likely to see higher wage bills as they adjust HR policies and compensation structures to comply with the new four labour codes. Experts estimate manpower costs could rise 5-10%, or even more for some firms.The increase in wage expenses is largely driven by higher costs for benefits such as gratuity, overtime, bonuses,…
India’s economy is expected to remain firmly on a strong growth path over the next two years, with S&P Global Ratings projecting 6.5 per cent expansion in the current fiscal and 6.7 per cent in the next. The agency said a combination of tax cuts and monetary policy easing will bolster consumption-led growth despite the…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent has insisted the United States is not heading for a recession in 2026, expressing strong confidence that President Donald Trump’s tariff strategy and new trade agreements will bring economic relief over the next year. Speaking to NBC News’ Meet the…
The commerce ministry has begun preparing detailed guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) and will start releasing them before the end of November, Commerce Secretary Rajesh Agrawal said on Monday.The government approved the six-year mission on November 12 for implementation from 2025-26, aiming to help exporters navigate global tariff shocks, including the…
Hiring across key consumption-linked sectors in India rose by 17% year-on-year during August to October, fuelled by strong consumer sentiment, festive spending and deeper market penetration, according to a report by workforce solutions provider Adecco India.As cited by news agency PTI, report stated that the festive quarter saw a notable 25% increase in gig and…
His Majesty Sultan Haitham declared November 26–27 official holidays for public and private sector employees/Representative Image In a move to honor the Sultanate’s 55th National Day, His Majesty Sultan Haitham bin Tarik has declared Wednesday, November 26, and Thursday, November 27, 2025, as official holidays for employees across Oman’s public and private sectors. The announcement…
Canada has announced a new accelerated immigration pathway for H-1B visa holders as part of the 2025 Federal Budget, aiming to attract skilled workers and strengthen the country’s innovation and research sectors. The initiative targets professionals affected by the recent US H-1B visa fee increases and seeks to fill labour shortages in healthcare, advanced technology,…
China and the United States have taken steps to cool their trade tensions after a meeting between presidents Donald Trump and Xi Jinping in South Korea last week. The move marks a cautious pause in a dispute that has disrupted global trade and technology ties since 2018.Here is where the two sides now stand on…
