Trump champions his 'Make America Great Again' slogan and an 'America First' agenda. The incoming President's main tool for achieving these goals is tariffs. The US is India's largest trade partner, export destination, as well as the fourth-largest source of imported goods.
On Saturday, Trump threatened 100 per cent tariffs against nations of the Brics bloc, which includes India, if they act to undermine the US dollar.
"Brainstorming among ministries has already started. This is the biggest development that has happened and it will shape India's economic policy as well as policy decisions," a senior government official said.
The government is closely assessing Trump's election speeches and actions during his previous tenure, the official told Business Standard. "We don't know what the outcome will be, since Trump is known to be unpredictable, but we still want to be prepared," the official added.
Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Zomato stock crashes 14% in 2 days after Q3 results
Investors heavily dumped Zomato shares on Tuesday, disappointed with a surprisingly weak performance in the December quarter (Q3FY25).
Ideal for low-risk investors with goals 1-3 yrs away
Union Mutual Fund recently launched the Union Short Duration Fund, an open-ended short-duration debt scheme.
SECOND CLASS CRICKET
India stars are turning up for Ranji matches. However, with all eyes riveted on the IPL, the first-class championship is in dire need of a booster shot
e2W Makers Call For GST Rate Cuts, Relook At PM E-DRIVE Plan
With the Union Budget 2025 on the horizon, electric two-wheeler (e2W) players are urging the government to introduce critical policy measures and incentives to revitalise the sector.
More US energy exports to India likely: Puri
Trump's energy push may lead to increased American crude oil, LNG shipments to the country
Valuation Woes Negate Q3 Positives for Dixon
Shares slump 14%, prompting analysts to maintain cautious stance
Banks to overhaul terms of engagement with BCs
A First in 12 Years
NRAI calls for ONDC boost to challenge Zomato and Swiggy
The National Restaurant Association of India (NRAI), the country's leading restaurateurs' body, has decided to step up pressure on the government-backed Open Network for Digital Commerce (ONDC) to take on Zomato and Swiggy's standalone apps for 10-minute food delivery, Bistro and Snacc.
Challenges Posed by AI Dominate Talks at Davos
Union Ministers, CMs Unveil India Pavilion, Meet Leaders of Global Companies
Equities tumble, volatility surges
A slew of executive orders and announcements on Day 1 turn policymakers, investors cautious
