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Business Recorder
11 hours ago
- Business
- Business Recorder
India reacts to Trump's 25% tariff on the country
U.S. President Donald Trump announced on Wednesday a 25% tariff on goods imported from India starting August 1 and an unspecified penalty for buying Russian weapons and oil. Trump's decision dashes hopes of a limited trade agreement between the two countries, which had been under negotiation for several months. Here are some reactions: Madhavi Arora, economist, emkay global 'While the negotiations seem to have broken down, we don't think the trade-deal haggling between the two nations is over yet. We see it more from the lens of geopolitics than purely economics and see both sides striving to get the deal done, even as the power equations may change a bit in U.S. favour.' R. Anen Banerjee, partner of economic advisory, PWC India 'Higher tariffs for India compared to countries it competes with, for exports to the U.S., are going to be challenging. However, the expectation is that the trade deal is likely to be finalised shortly and hence the period of applicability of these higher tariffs could be short.' Trump says US to impose 25% tariff on India from Aug 1 Nilesh Shah, MD Kotak Mahindra AMC 'Despite the unpredictable policy making of the U.S., the market was expecting a tariff deal to work out as longer-term U.S.-India strategic interests are aligned. Markets will hope for a 'TACO' trade if better senses prevail. China is defying U.S./UN sanction on Iran oil, Myanmar and Russia trade and North Korea support. Size and the competitiveness of the economy has its advantages. I hope and pray that this unilateral imposition should accelerate Indian policy making to be growth supportive. Our biggest deterrence continues to remain GDP size and competitiveness.' Agneshwar Sen, trade policy leader, EY India 'The decision to raise the U.S. tariff to 25% on Indian exports is an unfortunate development, particularly given the strong strategic partnership that has been steadily built between India and the USA in recent years. However, it's important to note that both countries remain positively engaged in active negotiations with the U.S. team expected in India later in August to finalize a comprehensive trade agreement.'
Hans India
23-07-2025
- Business
- Hans India
Enablr to help GCCs bridge strategic value gap
Hyderabad: Covasant Technologies has unveiled Enablr, a new AI-first practice aimed at transforming how Global Capability Centers (GCCs) are conceived, built, and scaled. Designed to support both new and mature GCCs, Enablr offers a comprehensive suite of AI-driven solutions that promise faster setup, greater strategic alignment, and measurable business impact. As the GCC landscape rapidly evolves—with over 2,000 centers operating in India and employing nearly two million professionals—Enablr enters the market to address a key challenge: bridging the 'strategic value gap' between operational efficiency and enterprise-level innovation. 'GCCs have moved beyond being back-end support systems. They are now innovation hubs central to enterprise transformation,' said Chairman and Managing Director of Enablr. 'With Enablr, we empower organizations to not only build future-ready centers from day one but also help mature GCCs evolve into indispensable strategic partners.' According to a PWC India report, GCCs are projected to grow at a CAGR of 11–12% from FY2025 to FY2029, especially in AI, data engineering, cloud, cybersecurity, and product development. Enablr is uniquely positioned to capitalize on this trend by providing AI-native frameworks that align GCC functions with broader enterprise goals. The platform supports the entire GCC lifecycle—from strategic planning and location selection to operational design, talent acquisition, and AI integration.
