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Recent US-China trade talks in Geneva offer a glimmer of hope for China's struggling manufacturing sector, yet the job market remains strained. While a potential crisis of widespread job losses has been averted, tariffs still linger around 30%, posing a continued burden on economic development.
India's apparel and home textile trade with the UK is poised for substantial growth, potentially doubling in the next five to six years, fueled by the recently finalized Free Trade Agreement. The FTA, expected to take effect in 2026, will eliminate tariffs on most Indian textile exports, leveling the playing field with competitors and driving investment in production capacity.
India's smartphone exports have surged, surpassing petroleum products and diamonds to become the nation's top export. Driven by policy incentives and rising demand, shipments climbed 55% to $24.14 billion in 2024-25. The US and Japan are major contributors, with exports to the US jumping fivefold.
Adani Defence & Aerospace collaborates with Sparton to produce advanced anti-submarine warfare systems, including sonobuoys, in India. This partnership marks Adani Defence as the first private Indian company to offer indigenous sonobuoy solutions, aligning with the 'Aatmanirbhar Bharat' initiative.
Stock markets are poised to be influenced by Q4 corporate earnings, foreign fund activity, and global market trends this week. Investors are optimistic about a potential India-US trade deal. Key companies like ONGC, ITC, and Hindalco are set to release their results, impacting market trends as FIIs turned into buyers in April and May.
India's pharmaceutical sector is experiencing rapid growth, with a 7.8% year-on-year increase in April 2025, driven by strong domestic demand and new product introductions. The country is a leading global supplier of generic medicines and vaccines, with government attributing its initiatives like the PMBJP and PLI schemes. Foreign investment is also robust, making India an attractive destination for pharmaceutical enterprises.
2025/05/18 18:05:28
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