Brief by Shorts91 NewsDesk / 09:28am on 25 Aug 2025,Monday Business
The Prime Minister’s Office will convene a high-level meeting on August 26 to address the impact of the U.S. doubling tariffs to 50% on Indian exports. Chaired by the Principal Secretary, the session will explore targeted support for vulnerable sectors like textiles, leather, engineering goods, and specialty chemicals. Exporters have requested collateral-free credit lines under the Emergency Credit Line Guarantee Scheme, but officials lean toward sector-specific aid. Micro and small firms are pushing for cluster-based working capital solutions. The move follows concerns that the tariff hike linked to India’s continued purchase of Russian oil that could severely strain margins, disrupt supply chains, and erode competitiveness.
