gems and jewellery

27 Aug

US Slaps 50% Tariff on Indian Goods, Exporters Warn of Severe Job Losses

Rajeev Sharma0 CommentsBusiness, Indiaapparel exports, gems and jewellery, Indian exports, job losses, shrimp exports, trade war, US tariffs on India

New Delhi — India’s export sector faces a major blow after the United States imposed a steep 50 per cent tariff on Indian goods, a move exporters fear will cripple industries and trigger massive job losses.The penalty effectively doubles the existing 25 per cent duty by adding an additional 25 per cent levy on Indian imports. Shrimp, apparel, leather, and gems and jewellery sectors heavily dependent on the US market are expected to be the worst hit.The US is India’s largest export destination, accounting for nearly 20 per cent of the country’s $437.42 billion in goods exports in 2024–25. Bilateral…

16 Aug

ICRIER Report: US Tariffs Hit 60.8 Billion Dollars Worth of Indian Exports, Key Sectors at Risk

Rajeev Sharma0 CommentsBusinessgems and jewellery, ICRIER, India US trade, Indian exports, textiles and apparel, Trump tariff policy, US tariffs

New Delhi [India]: Around 70 per cent of India’s goods exports to the United States, worth USD 60.85 billion, are now exposed to a 50 per cent tariff imposed by the US administration, according to an analysis by the Indian Council for Research on International Economic Relations (ICRIER).Though significant, this amounts to only 1.56 per cent of India’s GDP and 7.38 per cent of total exports, making it manageable for a USD 3.9 trillion economy. The report, titled “Navigating Trump’s Tariff Blow” and authored by Ashok Gulati, Sulakshana Rao, and Tanay Suntwal, highlighted that the brunt of the impact falls…