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Foreign Ministry Report On Trump Tariffs: The successful bilateral trade agreement between India and America can make the existing adverse conditions favorable. This can open access to new markets and can give tremendous boost to exports. This has been said in a report released by the Finance Ministry on Tuesday. India and the US can conclude the interim trade agreement before July 8. India is emphasizing on giving full exemption from 26 percent counter -duty on domestic goods.
On April 2, the US imposed an additional 26 percent counter -duty on Indian goods. But it was put on a brake on it for 90 days i.e. till 9 July. However, 10 percent of the original fees have been kept in force. The report further states that amidst global uncertainty, India has the ability to remain one of the attractive destinations for investment in India.
Investment may increase
The Monthly Economic Review of the Finance Ministry stated that foreign investors can give positive response to policies that strengthen the country’s medium -term development prospects. The report said that in particular, policies that increase the skills and productivity of the country’s youth work can greatly strengthen the cycle of investment and growth. According to this, India remains the fastest growing major economy. While various global agencies have made significant cuts in the growth rate of other countries, it is the lowest in India’s case.
According to the IMF World Economic Scenario (April 2025), India’s actual GDP growth for 2025-26 is estimated to be 6.2 percent, which is 0.30 percent less than its previous forecast in January 2025. These amendments have been made in view of global uncertainties and business tension.
Growth rate estimated to be more than 6.3 percent
Many agencies have estimated India’s growth to be 6.3 percent to 6.7 percent in financial year 2025-26, which is getting support from strong domestic foundation, stable major economic management and increasing government capital expenditure. At the same time, declining inflation further strengthens this scenario.
According to the report, a strong domestic foundation for the Indian economy, the wide economic management and the ability to withstand external shocks remain its specialty. Strong private consumption, especially in rural areas improve the primary engine of improvement and strong service export development. It said, “The service sector is constantly expanding healthy. Due to this, some softening of goods exports is being made. The Indian rupee remains relatively stable and foreign exchange reserves are providing protection against external shocks. ”
The report said that the approach in the case of inflation remains optimistic. Food inflation pressure is expected to be reduced due to good rabi crop in the coming time, increase in acreage under summer crops and better buffer stock of food grains. The Meteorological Department’s estimate of more rainfall than normal and the decline in crude oil prices strengthens the trend of decrease in inflation.
