Minister of State for Commerce and Industry Jitin Prasada in a written reply told the Lok Sabha that a combination of production-linked incentives (PLIs), logistics reforms, and market-expansion strategies are being deployed to safeguard India’s global competitiveness.

After years of relying on China for iPhone production, Apple is boosting its presence in India. The tech giant hit a milestone ahead of the iPhone 17 launch.

Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador.

New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.

The Narendra Modi government has told the parliament that around 60% of Indian exports to the United States to the tune of $48.2 billion could be affected by 50% tariffs.

India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,

A video showing Jon Stewart criticising US President Donald Trump for his 50 percent tariffs on India has gone viral on social media. However, the video was altered using AI.

New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.

Trump announced the new tariff in a post on his social media app Truth Social on July 30, two days before a bevy of increased reciprocal tariffs will go into effect for dozens of nations on Aug. 1.

The Kotak Mahindra group founder called for “direct fiscal support” from the government to “turbocharge” small businesses in manufacturing, research and technology.