Trade Strategy Call-Out
Commerce Minister Piyush Goyal urged Indian companies to move beyond the comfortable domestic market of 1.4 billion people and pursue global expansion despite rising U.S. tariffs. He emphasized India’s 7.8% GDP growth and advocated for greater value addition and government support.
- Cushioning Exports from U.S. Tariffs
Chief Economic Advisor (CEA) Anantha Nageswaran said the government is working overtime with stakeholders to counter the effects of a now-50% U.S. tariff on select Indian exports, through financial relief and trade diversification. - Commerce Ministry’s Multi-Tier Relief Plan
The Commerce Ministry is drafting a multi-pronged plan to shield exporters from U.S. tariffs, including liquidity assistance, special support to SEZ units, import substitution, and operationalizing e-commerce export hubs. - Ethanol Fuel Debate Continues
Ahead of a Supreme Court hearing on E20 fuel (20% ethanol blend), automobile manufacturers, oil companies, and ARAI labeled public concerns—about engine damage and fuel efficiency—as “misinformation,” pointing out no documented vehicle breakdowns. - Court Ruling on Trump Tariffs Shakes U.S. Business
A U.S. federal court ruled that President Trump overstepped authority in declaring trade deficits as national emergencies to impose sweeping tariffs. Businesses face lingering uncertainty and a potential $159 billion in refunds if the verdict holds. - Putin Criticizes Western Sanctions Ahead of China Visit
Russian President Vladimir Putin criticized Western sanctions as discriminatory and harmful to the Russian economy, and announced deeper economic ties with China, with agreements to use rubles and yuan in transactions. - Accenture CEO on Health, Resilience & Business
Tech-world leader Julie Sweet, CEO of Accenture, opened up about surviving cancer twice and how these experiences shaped her leadership outlook, including the importance of regular health checks and holistic approaches to life and business. - Economic Growth Rebuttal to Trump’s Remarks
Agriculture Minister Shivraj Chouhan rebuffed U.S. President Trump’s “dead economy” remark by pointing to India’s robust 7.8% growth in April–June, calling India a “long live economy” moving toward self-reliance. - Dip in Indian Travelers to the U.S.
For the first time this millennium (excluding the Covid period), June saw an 8% drop in Indian visitors to the U.S.—2.1 lakh compared to 2.3 lakh the previous year—raising concerns about visa policies, especially for students. - India’s Rise: RBI Governor’s Outlook
Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India is on track to become the world’s third-largest economy soon and credited the Jan Dhan financial inclusion scheme’s 55-crore-plus accounts for propelling this progress
