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US-China Trade Conflict: A Strategic Opportunity for India India’s export and economic policymakers are watching closely as tensions escalate between the United States and China. With Washington imposing a steep 125% tariff on Chinese imports in multiple sectors, including manufacturing and consumer goods, Indian exporters see an unprecedented window of opportunity. Ajai Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO), highlighted that such high tariffs could force Chinese firms to vacate critical market sectors in the U.S., paving the way for Indian businesses to fill the void—particularly in sectors like textiles and footwear , where China previously held over 25% of the U.S. market share. Indian Manufacturing Gears Up for Relocation Boom According to Sahai, multinational firms that once relied on China as their primary manufacturing base for U.S.-bound exports are likely to look toward India as a viable alternative . With a large domest...

  Union Budget 2025-26: Key Highlights and Impact on Various Sectors Defense Budget Sees a Significant Increase The Union Budget 2025-26 has allocated over Rs 6.81 lakh crore for the Ministry of Defence (MoD), marking a 9.53% increase from the current financial year. This allocation underscores the government's commitment to strengthening national security and modernizing defense infrastructure. Capital Expenditure Allocation Rises Marginally A sum of Rs 11.21 lakh crore has been earmarked for capital expenditure in 2025-26, reflecting a 0.9% increase compared to the 2024-25 budget estimates. This rise is aimed at sustaining infrastructure development and boosting economic growth. Urban Challenge Fund to Boost City Growth To enhance urban infrastructure and transform cities into economic hubs, the budget has introduced a Rs 1 lakh crore Urban Challenge Fund. This initiative is expected to drive sustainable urbanization and improve living standards. Basic Customs Duties Rejig...

India’s Economic Growth Projection for 2024-25: Navigating Challenges Amid Uncertainty The Indian economy, one of the fastest-growing major economies globally, is expected to grow at 6.5-6.8% in the fiscal year 2024-25 , according to Deloitte India’s latest Economic Outlook. Despite optimism, several internal and external factors continue to shape the economic landscape. Revised Growth Projections: A Cautious Approach Deloitte’s adjustment of the GDP growth projection underscores the need for caution amidst rising global trade and investment uncertainties. Q2 2024-25 GDP Growth : Recorded at 5.4% year-on-year , falling below market expectations. Revised Forecasts : The RBI lowered its growth forecast to 6.6% , while the NSO estimates 6.4% for the current fiscal. Future Growth : Deloitte projects growth in 2025-26 to range between 6.7-7.3% , reflecting cautious optimism. Key Factors Influencing Economic Growth Election and Weather-Related Disruptions The election uncertai...