The Union Budget 2024-25 focuses on building a Viksit Bharat, or developed India, with various initiatives and allocations aimed at improving infrastructure, healthcare, education, and agriculture sectors. The government has taken concrete steps to walk the talk by increasing funding for key projects and schemes that will boost economic growth and create opportunities for all citizens. Overall, the budget sets a positive tone for the country’s future development and progress.
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Explained: How will Trump’s tariffs impact India’s exports to US? These sectors hardest hit
US President Donald Trump has announced a 25% additional tariff on Indian exports, effective August 27, raising total tariffs to 50%, significantly affecting sectors like gems and jewellery, textiles, and seafood, which constitute around 25% of India's US exports. The new tariffs are projected to challenge micro, small, and medium enterprises, particularly in the automotive and chemical sectors, while some industries like pharmaceuticals remain unaffected. Want More Context? 🔎
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