Economy News ( English version)

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  • If West Asia crisis continues Indian exports to other parts of world will get impacted: Official April 4, 2026
    India's trade relations are being tested by the escalating conflict in West Asia. According to Commerce Secretary Rajesh Agrawal, the crisis poses challenges on both import and export fronts, with West Asia accounting for nearly 12-13 percent of Indian exports. The situation's full ramifications will likely unfold over the next few weeks.
  • EU-India FTA may boost India's competitiveness in some sectors, says EY report on European economic outlook April 4, 2026
    As Europe grapples with shifting tides in global trade and burgeoning geopolitical tensions, India's trade landscape might pivot dramatically. The anticipated EU-India Free Trade Agreement stands to disrupt numerous sectors, with some European industries bracing for intensified competition from their Indian counterparts.
  • View: Rupee at 100 will be a harsh check on India’s ambitions April 4, 2026
    Rupee fall: In a serious twist, India's currency is on a steep decline, echoing previous economic upheavals. A mix of global influences and local policies has resulted in a weakened rupee, affecting everyday expenses for citizens, the financial burden of education, and the overall fiscal health of the government.
  • Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recovery April 3, 2026
    Tax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxed. Delhi HC has intervened, directing the Central Board of Direct Taxes to issue a clarification. This issue could impact many partners across India.
  • Textile exporters urge govt to waive cotton import duty April 3, 2026
    Indian textile and garment exporters are calling for the removal of an 11% import duty on cotton. Domestic cotton prices have surged, impacting export margins and competitiveness. This rise is linked to increased demand as synthetic fibre prices climb due to costlier crude oil.

 

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