Rs 410000000000: Big tension for Modi govt as India set to lose huge amount of money due to…
India could lose up to USD 5 billion in exports to Vietnam if it doesn't secure a trade deal with the U.S. that offers lower tariffs, says a report in Moneycontrol. In 2023, India sent goods worth around USD 76 billion to the U.S. But only about USD 5.4 billion of those goods are also exported by Vietnam, meaning the risk of direct competition is actually quite small, even in a worst-case scenario.
India and Vietnam both sell 161 similar products (each worth over USD 5 million) to the U.S., where India currently exports more than Vietnam. While total U.S. trade in these items is valued at USD 22 billion, Vietnam could only realistically challenge India in about USD 5.4 billion worth of that trade.
And when you look even closer at goods where both countries sell in large quantities and prices are very similar India's potential losses are likely much smaller, around USD 353 million.
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Time of India
9 minutes ago
- Time of India
Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
Banking, postal and other services are likely to face disruption on Wednesday as more than 25 crore workers affiliated with central and sectoral trade unions have announced to go on strike across the country to protest against new labour codes and privatisation, and press for demands such as minimum wage of Rs 26,000 and old pension scheme, according to union leaders. The general strike is expected to disrupt services in sectors like banking, insurance, postal, coal mining, highway and construction, a trade union official said. 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United News of India
14 minutes ago
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PM Modi warmly welcomed by Brazilian President Lula ahead of key talks
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Time of India
16 minutes ago
- Time of India
Govt limits women's job quota to state residents
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