TestenGOLD- Free

Navigating trade challenges

Financial Express Kochi|January 01, 2025
IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP
- AMITENDU PALIT

INDIAN TRADE POLICY needs to prepare for navigating complex challenges in 2025. The challenges will arise from a combination of factors. These include President Trump's assumption of office as the US President; a stagnation in global economic growth and consequent lower demand for manufacturing exports; possibilities of far-reaching political changes impacting trade with major partners; and a lower rate of domestic economic growth.

President Trump's decisions on tariffs will impact prices of various exports to the US. For India too, the tariffs will be meaningful given that the US is its largest export market. If Trump tariffs are levied on several of the US' major trading partners, then an interesting scenario will emerge where these partners will explore ways of circumventing tariffs for accessing the US market. The likely outcome, as already demonstrated by China, will be to relocate production to locations from which exporting to the US won't attract tariffs. India might need to explore similar options too.

Tariffs will impact export competitiveness with US consumers finding the products becoming more expensive. The erosion of market access in the US will be compounded by slower economic growth in many parts of the world and its effect on demand for Indian exports. Some indications in this regard are already visible through lower growth of traditional "hot" Indian exports like gems and jewellery, and petroleum products. More political turbulence, including changes in governments in India's key export markets in Europe and West Asia, can further affect the prospects of exports. A projected lower level of domestic economic growth will impact capacity utilisation of manufacturing exports, which, as it is, will be impacted by the other mentioned changes.

Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Kochi.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 9.500 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Kochi.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 9.500 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS KOCHIAlle anzeigen
Financial Express Kochi

Setback for Google in antitrust case

ALPHABET'S GOOGLE FACED a potential setback on Thursday as an adviser to Europe's highest court sided with EU antitrust regulators in the company's fight against a record 4.34 billion euro ($4.98 billion) fine levied seven years ago.

time-read
1 min  |
June 20, 2025
Financial Express Kochi

Make your ideas fly with tech

At this year's Cannes Lions, one particular technology quietly stole the show by standing out not through flashy gimmicks, but through purpose, precision, and powerful storytelling.

time-read
2 Minuten  |
June 20, 2025
Financial Express Kochi

IPL 2025 Records 1 Bn Viewers Across TV, Digital: JioStar

JIOSTAR, THE OFFICIAL TV and digital partner for IPL 2025, said the T20 tournament had reached a combined audience of one billion viewers across platforms, emerging as one of the most-watched seasons in the tournament's history.

time-read
1 min  |
June 20, 2025
Financial Express Kochi

Gold loan financiers stare at cost surge

The Reserve Bank of India's guidelines are prompting gold financiers to shift from a collateral-based model to a cash flow-based assessment, with analysts expecting lenders to incur upfront costs during the transition.

time-read
2 Minuten  |
June 20, 2025
Financial Express Kochi

Doubling down on home mkt: Voltas

Voltas is doubling down on the domestic market amid global uncertainty, deepening penetration in tier-2 and tier-3 towns, MD & CEO Pradeep Bakshi said in the company's latest annual report for the financial year ended March 2025.

time-read
2 Minuten  |
June 20, 2025
Financial Express Kochi

Easing the burden

Encouraging companies to list and removing hurdles were the highlights of the Sebi board meeting

time-read
2 Minuten  |
June 20, 2025
Financial Express Kochi

BoE Keeps Rates Steady, Sees Further Loosening

The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates.

time-read
1 min  |
June 20, 2025
Financial Express Kochi

ONGC Well Blowout: US Experts to Assist Firm

STATE-OWNED OIL and Natural Gas Corporation (ONGC) on Thursday said experts from the US will assist the company in controlling the leakage of gas from a crude oil well in Assam's Sivasagar district, where a blowout took place eight days ago.

time-read
1 min  |
June 20, 2025
Financial Express Kochi

Fall in headline inflation good, but core inflation edging up: Crisil

Crisil, in its report, said that headline inflation based on the CPI fell to 2.8% in May, 2025, which is a good omen for the economy.

time-read
1 min  |
June 20, 2025
Financial Express Kochi

India, UK Review FTA Progress, Pact May Be Signed by Sept

India and the UK on Thursday reviewed the progress made in the ongoing Free Trade Agreement (FTA) negotiations, with a view to charting out a clear, time-bound roadmap for its finalisation and implementation.

time-read
1 min  |
June 20, 2025

Wir verwenden Cookies, um unsere Dienste bereitzustellen und zu verbessern. Durch die Nutzung unserer Website stimmen Sie zu, dass die Cookies gesetzt werden. Learn more