NEW DELHI: Despite strong economic fundamentals, the Indian economy stares at headwinds such as global uncertainties, inflation, and unfair Chinese competition that may require the budget to focus on enhancing capital expenditure, easing compliance burden, enhancing disposable income and encouraging small firms through cheaper credit and tax relief, industry representatives told the finance minister on Monday.
Excess capacity in China has been one of the key concerns for both the domestic industry as well as exporters fearing dumping, at least three people present at the pre-budget meeting said, requesting anonymity. The situation could aggravate once the Trump administration imposes tariff barriers against Chinese dumping. For India, the survival lies in reduction in cost of manufacturing and producing the best quality product to compete with cheaper Chinese goods, they said after the meeting. US President-elect Donald Trump vowed to impose huge tariffs on imports from Canada, Mexico and China after he assumes power on January 20.
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Denne historien er fra December 31, 2024-utgaven av Hindustan Times Noida.
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Young Kartik hopes to live his dream of playing IS at home
After a good showing at Bonallack Trophy, the 15-year-old has got a spot in the International Series event in Gurugram
Biden Grants Clemency to at Least 2,500 People
President Joe Biden on Friday commuted the sentences of nearly 2,500 people convicted of non-violent drug offenses in what the White House called the largest single-day act of clemency in US history.
8-Year Jail for Indian National for Attempting to Attack White House
Indian national Sai Varshith Kandula, 20, on Thursday was sentenced to eight years for an attempted attack on the White House with a rented truck on May 22, 2023.
I knew nobody could beat me in the last lap: Distance runner Mo Farah
The faint murmur inside the conference room eased as the large screen came to life. A video played back memories of Mo Farah's greatest athletics achievements.
India's Cooler Months Warming Faster: Data
Rising temperatures across India are blurring seasonal distinctions, with traditionally cooler months warming at a faster rate than warmer months over the past century, according to data released this week by the India Meteorological Department (IMD).
Trump's Tariff Talk Will Target The Farm Sector
Washington is likely to ask Delhi to reduce tariffs on US farm products. India needs to protect its farm sector to ensure food security and protect livelihoods
U.S. Consulate Inaugurated in Bengaluru
External affairs minister S Jaishankar said on Friday that the opening of a new US consulate in Bengaluru is one more sign that India and the US are \"overcoming the hesitations of history\", and added that the Indian side will soon open a consulate in Los Angeles.
BCAS Warns Akasa Air Over Aviation Security Rules Violation
Akasa Air has received a second warning, this time from the Bureau of Civil Aviation Security (BCAS), for failing to comply with aviation security rules.
Satwik-Chirag Last Indians Standing; Sindhu, Kiran Out
India's top doubles pairing barely broke a sweat in ousting the Korean duo of Jin Yong and Kang Min Hyuk to advance to the semi-finals
PeeCee in Hyderabad for Mahesh Babu's next?
I walked inside the theatre to watch Emergency, and that prosthetic nose on Kangana Ranaut's face, trying to help her look like the late Prime Minister of India, Indira Gandhi, combined with the involuntary facial twitches—made it clear, this is going to be a 'caricaturish' portrayal.
