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Parliament Winter Session 2025 Day 4

In a significant policy development, Parliament has officially passed the Central Excise (Amendment) Bill, 2025, after the Rajya Sabha approved and returned it to the Lok Sabha. The bill marks one of the most sweeping revisions to tobacco taxation in recent years, focusing not only on revenue but also on public health and long-standing concerns around affordability of harmful products.

Why the Amendment Was Needed

The amendment updates the Central Excise Act, 1944 to allow the government to raise duties on cigarettes, cigars, hookah tobacco, chewing tobacco, zarda, scented tobacco and tobacco substitutes.
One of the key motivations behind the bill is ensuring that taxation remains effective after the sunset of the previous cess structure. Without a revision, the government would lack fiscal room to maintain the overall tax burden necessary to discourage consumption.

Massive Revision of Tobacco Duty Structure

The updated duty slabs reflect a dramatic shift compared to the older system. Previously, the excise duty on cigarettes ranged from 200 to 735 rupees per thousand sticks. The new structure pushes this range to between 2,700 and 11,000 rupees per thousand cigarettes.
Other product categories also see steep increases:

  • Chewing tobacco duty rising from 25 percent to 100 percent
  • Hookah tobacco duty increasing from 25 percent to 40 percent
  • Pipe and cigarette smoking mixture duty jumping from 60 percent to 325 percent

The government’s stated objective is clear: tobacco should not remain an easily affordable product in the market, particularly when its health impact is well-documented.

Government’s Stand: Public Health First, Revenue Sharing Intact

Responding to concerns in the Rajya Sabha, Finance Minister Nirmala Sitharaman clarified that the revised taxes will be shared with states, emphasizing that this is excise duty and not a new cess.
She also addressed apprehensions regarding farmers and beedi workers. According to the Minister, multiple schemes — especially those targeting crop diversification — are already in place to support farmers interested in shifting out of tobacco cultivation. Between 2017-18 and 2021-22, more than 1.12 lakh acres have been moved away from tobacco farming.

Additionally, nearly 50 lakh beedi workers are registered across the country, and several welfare programmes continue to operate through national labour organisations.

Aligning India With Global Standards

India’s current tax incidence on cigarettes stands at nearly 53 percent of the retail price, significantly lower than the World Health Organization’s recommended benchmark of 75 percent.
The Minister noted that even after the introduction of GST, India’s combined tax burden on tobacco products did not consistently meet global standards, making many products remain relatively affordable. This bill seeks to correct that gap and push tobacco consumption farther out of reach.

Debate in Parliament: Concern, Support and Calls for Review

The discussion saw a wide range of viewpoints:

  • Congress MP Pramod Tiwari raised worries about the effect on tobacco farmers and argued for sending the bill to a parliamentary committee.
  • TMC’s Sagarika Ghose stated that taxation alone will not reduce consumption unless accompanied by strong health awareness campaigns and tighter regulation on pan masala advertising.
  • AAP MP Sandeep Kumar Pathak questioned whether excessive taxes are the right tool to curb addiction.
  • AIADMK’s M Thambidurai supported the bill, calling it a timely reform that protects public health.

The debate also saw political exchanges, with the Finance Minister pushing back against claims from Trinamool Congress members on issues unrelated to the bill.

A Policy Shift with Far-Reaching Impact

The passage of the Central Excise (Amendment) Bill, 2025 signals a deliberate move towards stronger public health regulation backed by fiscal policy. Whether it significantly impacts tobacco consumption patterns will be seen over time, but the government has made its stance unmistakably clear: affordability should not enable addiction.

After the detailed discussion, the House adjourned, marking the close of a critical legislative day.

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US immigration

The United States has entered another chapter in its evolving immigration landscape. A recent memo from the US Citizenship and Immigration Services (USCIS) confirmed that immigration applications from nationals of 19 countries have been temporarily paused. This move, announced under the Trump administration, has already generated debate across political, humanitarian, and legal circles.

While the decision aligns with previous travel restrictions imposed earlier in the year, it marks a significant escalation in how the administration aims to regulate who enters and ultimately settles in the US. Notably, Indian nationals are not part of the affected group.

Why the Freeze Was Announced

The pause follows a high-profile incident in Washington DC, where an Afghan national—who had received asylum during Trump’s earlier presidency—was involved in a violent attack targeting national guards.
In the aftermath, the administration emphasized the need for enhanced vetting before granting immigration benefits.

According to USCIS, delaying applications was a necessary tradeoff for what they described as “maximum possible screening.” While this move is framed as a security measure, critics argue it may disproportionately burden individuals from low-income or conflict-torn nations who already face lengthy immigration timelines.

Who Is Affected?

The pause applies to both green card and citizenship applications filed by people from the 19 nations listed under restrictive travel categories. These include:

Iran, Sudan, Eritrea, Haiti, Somalia, Venezuela, Afghanistan, Libya, Yemen, and several others already facing travel limitations.

Reports estimate that over 1.4 million applicants could be impacted by the freeze.

Indian nationals, however, will not experience any changes under this directive.

A Continuation of Earlier Restrictions

In June, the administration had already blocked or restricted entry from 19 nations through a presidential proclamation. These included Afghanistan, Iran, Libya, Somalia, Sudan, Yemen, and partial restrictions for countries such as Cuba, Laos, Sierra Leone, and Togo.

This new USCIS memo extends the practical effects of those limitations into the adjudication process itself. Even those already in the United States, legally present and awaiting permanent residency or citizenship, will face delays.

Political Framing and Heated Rhetoric

The decision has been accompanied by strong language from various administration officials.
The Department of Homeland Security emphasized that citizenship must be reserved for “the best of the best.”
Homeland Security Secretary Kristi Noem publicly called for a complete ban on what she described as nations “flooding our country” with people who pose societal risks.

Such statements reveal not only the administration’s stance on immigration but also the tone of public messaging heading into a politically charged period.

This temporary pause may be the beginning of broader structural changes to the US immigration system. While the memo itself frames the move as a security-driven measure, it signals deeper shifts toward restrictiveness under the Trump administration’s current term.

The true impact will be felt by families awaiting reunification, asylum seekers hoping for stability, and long-term residents aspiring to citizenship. With more than a million applicants stuck in limbo, the policy’s humanitarian and geopolitical implications will continue to unfold in the months ahead.

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Parliament Winter Session 2025 Day 3

The Parliament has approved the Central Excise (Amendment) Bill, 2025, an important financial adjustment aimed at revising excise duties on tobacco and related products. The move restores the Centre’s authority to adjust levies on cigarettes, cigars, chewing tobacco, hookah tobacco, zarda, scented tobacco, and substitutes, ensuring tax incidence remains steady as the compensation cess mechanism winds down.

Although the subject may seem technical, the Bill carries significant implications for public health, state revenues, and long-term agricultural planning.

Why the Amendment Was Needed

The Central Excise Act, 1944 empowers the government to levy excise duties on domestically produced goods. After the introduction of GST, compensation cess was used to tax harmful products like tobacco. With that cess period ending, an amendment was required to maintain the existing tax burden without creating a revenue vacuum.

By revising duty rates upward on various forms of tobacco, the Bill ensures the overall tax incidence remains consistent with previous levels, even as the cess reverts to the Centre and transitions into excise duty.

Government’s Clarification: “No New Tax”

Replying to the debate, Finance Minister Nirmala Sitharaman emphasised that the changes do not impose a new tax or create an additional burden beyond what already existed before GST. She noted that:

  • Excise duty on tobacco predates GST and is simply being reinstated in structure.
  • Compensation cess rates on tobacco have remained unchanged since July 2017.
  • Historically, tobacco duties increased annually before GST’s introduction, largely for public health reasons.

She reminded the House that India’s current tax incidence on cigarettes amounts to roughly 53 percent of the retail price—still below the levels recommended by global health bodies for discouraging consumption.

Health, Revenue, and Agricultural Shifts

The Minister also highlighted efforts to reduce tobacco cultivation, pointing to initiatives under the Rashtriya Krishi Vikas Yojana. Between 2018 and 2021–22, more than 1.12 lakh acres shifted from tobacco to alternate crops across ten major tobacco-growing states. She reiterated that states will continue receiving their 41 percent share from central tax devolution, ensuring revenue stability.

Debate Highlights: Concerns and Perspectives

Several MPs across party lines weighed in during the discussion:

Public Health and Youth Protection

Dr. D. Purandeswari (BJP) underscored the alarming toll of tobacco use in India, with an estimated 1.35 million deaths annually from illnesses linked to smoking or chewing tobacco. She argued that maintaining high prices and stable taxation is essential to discouraging youth addiction and protecting vulnerable groups.

Economic Costs and Alternatives

Karti P. Chidambaram (Congress) pointed out that tobacco imposes nearly two lakh crore rupees of economic loss each year. He questioned whether price hikes alone can reduce consumption, warning that people may turn to cheaper or unregulated alternatives. He called for a holistic strategy, including rehabilitation for those employed in the tobacco industry.

Impact on Farmers

Naresh Chandra Uttam Patel (SP) urged that the Bill be referred to a Standing Committee, arguing that the changes could affect tobacco growers who depend on the crop for livelihood stability.

Representatives from NCP (SCP), Trinamool Congress, TDP, Shiv Sena, CPI(ML), and other parties offered varied perspectives, reflecting the complexity of balancing health, revenue, and agricultural needs.

After extended discussion, the House adjourned for the day.

What Comes Next?

With the Bill passed in the Lok Sabha, the next steps involve implementation, recalibration of duty structures, and communication to industry stakeholders. The transition will be closely watched by public health advocates, state governments, and farmers’ groups alike.

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Pune is set to host a landmark celebration of dedication, vigilance, and leadership as the Surakshit Pune Awards 2025 arrive for their 3rd edition. Organized by SYMX, with PSP and ASIS Pune Chapter as Knowledge Partners, WEC as the ESG Partner, and supported by FSAI, GACS, and CAPSI, the awards provide a distinguished platform to acknowledge those who strengthen the city’s safety fabric.

Following successful editions in Mumbai and Hyderabad earlier this year, the Pune chapter aims to raise the bar once again. Each edition has attracted senior officials, industry visionaries, and security professionals who collectively shape the standards of corporate and public safety. Pune now prepares to carry that momentum forward.

A Platform Built to Recognize Excellence

The Surakshit Awards are designed to highlight outstanding contributions across corporate security, uniformed services, and safety management. From crisis management and risk mitigation to technological innovation and commitment on the ground, the awards honour the individuals and teams who work tirelessly—often out of the spotlight—to protect people and infrastructure.

In a world where threats evolve rapidly, celebrating such work is not just recognition but reinforcement. It signals that safety leadership matters, that collaboration is essential, and that excellence deserves visibility.

Why Pune’s Edition Matters

Pune’s security landscape has expanded significantly in recent years, driven by its rapid growth in IT, manufacturing, education, and urban development. With this growth comes heightened responsibility. The 2025 Awards aim to acknowledge emerging leaders and frontline professionals who are redefining how safety is planned, implemented, and sustained.

This edition also encourages cross-industry learning by bringing together corporate decision-makers, safety strategists, and government representatives. The awards are more than a ceremony—they are an ecosystem for shared insights and forward-thinking solutions.

Time to Nominate the Changemakers

Organizations and individuals are invited to nominate those who have demonstrated exceptional commitment to safeguarding people, operations, and communities. Whether it is a proactive security initiative, a standout uniformed officer, or a team that has transformed safety culture, this is the moment to highlight their impact.

Nominations are open until 5 December 2025, offering a valuable opportunity to spotlight work that strengthens resilience across sectors.

Event Details

Date: 19 December 2025
Venue: The Residency Club, Pune
Nomination Link: Visit the Surakshit Awards website for complete guidelines and submissions.

The event promises to gather professionals who believe in building safer environments—not just through systems and technology, but through leadership and accountability.

Building a Safer Pune Together

The Surakshit Pune Awards 2025 underline a simple truth: safety is not an isolated responsibility. It demands collaboration, innovation, and unwavering dedication. By honouring those who exemplify these values, the awards help shape a culture where safety remains a priority across industries and communities.

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Parliament Winter Session day 2

The second day of the 2025 Parliament Winter Session unfolded not as a routine legislative day, but as a sharp reminder of how fragile parliamentary functioning can become when political trust erodes. What began as a normal sitting quickly spiralled into disorder as opposition parties pressed aggressively for an immediate and structured debate on the Special Intensive Revision (SIR) of electoral rolls.

In their view, the SIR process risked excluding legitimate voters; in the government’s assessment, the House needed to proceed with its planned business. The collision of these two priorities defined the entire day.

Lok Sabha Gridlocked as Protests Dominate

The Lok Sabha made barely any progress before breaking into full-blown chaos. Opposition MPs marched into the Well, raising slogans that drowned out the Speaker’s attempts to restore order. Their demand was consistent and unyielding: no legislative work until the SIR issue was taken up on priority.

The Speaker attempted to move the House forward, but with the noise escalating and no breakthrough in sight, he was forced to adjourn the session repeatedly. Even when the House reconvened, the disruptions resumed within minutes, leaving the day’s agenda untouched.

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Rage Bait

When Oxford University Press picked “rage bait” as its Word of the Year for 2025, it wasn’t simply honouring a trending term. It was acknowledging a collective anxiety simmering beneath our digital lives. “Rage bait” describes content crafted deliberately to incite anger, to pull readers into arguments they never intended to join, and to keep them emotionally charged enough to continue clicking, sharing, or fighting online.

The term’s surge reflects something far deeper than just a linguistic fad. It mirrors a behavioural shift, a growing awareness of how easily our attention and our tempers can be manipulated.

Why Rage Bait Rose to the Top

Over the past year, usage of the phrase “rage bait” spiked dramatically. Content creators, digital influencers, political strategists, and even ordinary users began calling out posts designed to provoke rather than inform.

Oxford’s researchers noted that the acceleration wasn’t accidental. As algorithms increasingly prioritise engagement, outrage has become a convenient fuel. The more intense the reaction, the stronger the digital reward. The word gained prominence because people finally started recognising the pattern.

How Platforms Feed Emotion for Engagement

Rage bait is not new, but the scale and precision with which platforms can now amplify provocative content has changed the landscape.

A headline that irritates you, a clip designed to upset you, or a post that sketches an incomplete truth—these are crafted to trigger immediate emotion, not reflection. The result is a loop: anger leads to response, response leads to visibility, visibility creates more anger.

By choosing “rage bait,” Oxford seems to be signalling that we are becoming more conscious of this cycle and increasingly wary of how easily we are drawn into emotional traps.

What Rage Bait Says About Us in 2025

The popularity of the term reveals a shifting cultural mood. People are tired. Tired of being manipulated, tired of performative outrage, tired of having their feeds shaped by whatever evokes the strongest reaction.

More importantly, the rise of “rage bait” shows that communities are trying to identify and resist these tactics. Awareness is the first step toward healthier digital behaviour. If the past decade built an internet addicted to anger, 2025 might be the year people began naming the problem out loud.

The Wider Impact on Conversations and Credibility

One of the most significant consequences of rage-bait content is the erosion of trust. When provocative pieces dominate feeds, nuance gets lost. Complex debates flatten into emotional collisions. Misinformation spreads faster in an environment primed for conflict.

By marking “rage bait” as the defining word of the year, Oxford highlights not only an evolving vocabulary but also a collective realisation: online discourse is being shaped by reactions, not reasoning. And that shift comes with a cost.

Where Do We Go From Here?

Recognising rage bait is a start. But the bigger challenge lies in resisting it. As people become more literate in digital triggers, the hope is that conversations can shift toward depth rather than division.

The 2025 Word of the Year is more than a label. It is a reminder that the internet reflects what we choose to reward—and that we can still choose differently.

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Parliament

The Winter Session of Parliament opened today with a packed legislative agenda and a schedule that stretches across 15 sittings in 19 days. But the first hours inside the Lok Sabha were far from smooth. What should have been a straightforward opening quickly turned into a day shaped by loud protests, stalled discussions, and repeated adjournments.

The primary flashpoint: opposition uproar over issues including the Special Intensive Revision (SIR) of electoral rolls.
Even before Question Hour could gain momentum, disruptions overshadowed proceedings, forcing the Speaker to adjourn the House twice before noon.

Lok Sabha’s Stop-Start Morning: Protests Take Centre Stage

When the House first convened at 11 AM, Speaker Om Birla began the session with obituary references for Dharmendra, Col. (Retd.) Sona Ram Choudhary, Prof. Vijay Kumar Malhotra, and Ravi Naik. Members observed a moment of silence in their memory.

But the quiet did not last long.

As soon as Question Hour began, opposition MPs rushed into protest mode—raising slogans over the electoral roll revision and other issues. The noise drowned out proceedings, prompting the Speaker to express firm displeasure. Disrupting parliamentary functioning, he reminded members, cannot become routine.

Despite the caution, protests intensified, and the House was adjourned till noon.

Second Convening, Same Chaos: Lok Sabha Adjourned Again

By 12 PM, hopes for smoother proceedings faded quickly. The moment the session resumed, sloganeering erupted once again.

Amid the commotion, Union Finance Minister Nirmala Sitharaman still managed to introduce several key bills:

  • Central Excise (Amendment) Bill 2025 — proposing excise duty on tobacco and related products
  • Health Security and National Security Cess Bill 2025 — imposing a cess on items like pan masala
  • Manipur Goods and Services Tax (Second Amendment) Bill 2025 — amending Manipur’s GST Act

The House also formally extended the deadlines for two major committee reports:

  • Jan Vishwas (Amendment of Provisions) Bill, 2025
  • Insolvency and Bankruptcy Code (Amendment) Bill, 2025

But with protests showing no signs of easing, the Speaker had little choice but to adjourn the House again—this time until 2 PM.

Rajya Sabha Opens with Oaths, Tributes and a New Chair at the Helm

While the Lok Sabha struggled with disruptions, the Rajya Sabha opened its day on a more composed note.

Three Jammu & Kashmir National Conference leaders—Gurwinder Singh Oberoi, Chowdhry Mohammad Ramzan and Sajjad Ahmed Kichloo—took oath as Members of Parliament.

A significant moment followed:
C. P. Radhakrishnan presided over the Rajya Sabha for the first time as Chairman.

Prime Minister Narendra Modi led the House in welcoming him, highlighting his rise from modest beginnings to the Vice Presidency as a reflection of India’s democratic strength.
The sentiment was echoed by Deputy Chairman Harivansh and Leader of Opposition Mallikarjun Kharge, both acknowledging his commitment to fairness and constructive debate.

What emerged was a rare instance of unified goodwill across party lines.

Reactions Outside the House: Leaders Speak on the Day’s Turbulence

Outside Parliament, MPs shared sharply contrasting views on the day’s disruptions.

  • BJP MP Dinesh Sharma told Akashvani News the government is “open to discussions on all issues” and that MPs will have ample opportunity to raise constituency matters.
  • JDU MP Sanjay Jha accused the opposition of attempting to derail the Winter Session the same way it disrupted the previous one, calling the protests politically motivated rather than issue-driven.
  • MoS Education Sukanta Majumdar described the opposition’s conduct as theatrics, arguing that Parliament cannot become a stage for constant drama.

The divide over the SIR issue appears set to remain one of the session’s defining points of contention.

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Virat Kohli

The Ranchi crowd had seen Virat Kohli raise his bat many times, but this one carried a different weight. A crisp 135 off 120 balls measured, timely, and ruthlessly efficient  carried him to a landmark almost unimaginable decade ago: 52 ODI centuries. The number alone bends belief, but the context around it makes the feat extraordinary.

Kohli didn’t just step past another milestone; he pushed the boundaries of what is considered possible within one international format.
In the age of fast scoring and shifting roles, he has carved out a lane no one else is even close to matching.

With this hundred, Kohli moved even further ahead of the legendary list of ODI century-makers:

  • Virat Kohli – 52 ODI 100s in 294 innings
  • Sachin Tendulkar – 49 ODI 100s in 452 innings
  • Rohit Sharma – 33 ODI 100s

But what separates Kohli is not just the sheer volume  it’s the efficiency gap.
Tendulkar recorded a hundred every 9.2 innings.
Kohli does it every 5.6 innings.

The difference is enormous. For a generation raised on the idea that no one would touch Tendulkar’s ODI records, Kohli hasn’t only matched them, he has shifted the pace of run-scoring itself.

And this hundred carries an additional layer:
He now owns the most centuries in any single international format, overtaking even Tendulkar’s 51 Test tons.

That’s not just breaking a record; it’s redefining the ceiling.

Kohli built his early ODI empire on the back of chases. His script was predictable yet unstoppable  settle early, anchor the innings, break the opposition’s shoulders in the last 15 overs.

But the story has changed over the last few years. This Ranchi knock, like his recent hundreds, was built batting first. The gears are smoother now:

  • Absorb pressure early
  • Hold the innings when wickets fall
  • Accelerate with precision once set
  • Stretch the innings deep into the late overs

He has become a run machine with two distinct tempos  one for control, one for destruction. And most importantly, he has adapted his game without losing his original identity: efficiency.

The Second Peak No One Saw Coming

Between 2019 and 2022, Kohli went through a long, uncomfortable century drought. His critics sharpened their theories: age, fatigue, fading reflexes, technical decline.

But the numbers since he broke that drought tell a different story  a late-career resurgence that rivals his prime:

  • Multiple World Cup hundreds
  • A return to scoring big at home
  • Consistency across formats
  • Now, a statement hundred against a strong South African attack

This 52nd century isn’t just another mark in the record book  it represents a phase where he is playing with the maturity of a veteran and the hunger of a beginner.

Why This Matters for India Beyond the Stats

India’s ODI blueprint has been shifting. Rohit Sharma is approaching the twilight of his career, and the middle order continues to be reshuffled. Amid all this transition, Kohli remains the one immovable pillar.

At No. 3, he offers three invaluable assets:

  • A guaranteed presence during crisis overs
  • A stabiliser when early wickets fall
  • A platform to launch big totals or nail chases

Every long-term plan for a major tournament  especially the next ODI World Cup  still revolves around the reliability of Kohli anchoring the innings.

He has become the backbone around which the next phase of India’s white-ball identity must be shaped.

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Exports

The sharp 50 percent tariffs imposed by US President Donald Trump on Indian goods beginning August 27 have set off a period of intense adjustment for India’s export ecosystem. While the US has long been one of India’s most important destinations, the new duty structure has disrupted trade flows, forcing exporters to recalibrate their strategies.

Amid mounting uncertainty, a clear pattern has emerged: several high-value sectors have begun redirecting shipments to Asian and European markets, softening the immediate blow. Others, especially low-margin and labour-heavy industries, continue to bear the brunt of reduced US access.

Major Sectors Find Lifelines in New Markets

Gems and Jewellery Shift Toward the Middle East and Europe

India’s traditionally strong gem and jewellery industry was hit hard in the US market, with a steep 76 percent year-on-year decline in shipments in September. Yet, the sector managed to avoid a full-scale collapse. Exports to the UAE surged 79 percent, while Hong Kong and Belgium recorded increases of 11 percent and 8 percent respectively. These alternative destinations helped keep the overall dip to just 1.5 percent.

Auto Components Gain Strength Through Wider Global Reach

Auto component exports to the US fell 12 percent in September, but the sector showed remarkable resilience. Higher orders from Germany, Thailand and the UAE drove an overall 8 percent increase in exports. Stronger demand for precision-engineered parts in Asia and Europe has partly offset the tariff-induced slowdown.

Marine Products Emerge as a Standout Performer

Marine shipments, especially shrimp, have shown exceptional momentum. Exports grew 25 percent in September and 11 percent in October, driven by rising demand from China, Japan, Thailand and the European Union. These markets have become crucial anchors as exporters diversify away from the US.

Low-Margin Sectors Struggle to Fill the US Gap

The redirection has been far less effective for industries already operating on thin margins.

Sports Goods and Cotton Garments Face Persistent Pressure

Sports goods manufacturers have suffered significantly, with nearly 40 percent of their exports historically heading to the US. The tariffs pushed overall exports down 6 percent in October, with limited success in reaching new markets.

Cotton garment exporters face fierce rivalry from Vietnam and Bangladesh. Despite growing shipments to the UAE, Italy, Spain and Saudi Arabia, overall exports still declined 6 percent in September due to a dramatic 25 percent fall in US-bound consignments.

Leather Footwear Squeezed by Global Competition

Leather footwear exports also felt the strain, dropping 10 percent overall as US shipments contracted sharply. Competitors across ASEAN and East Asia have quickly taken advantage of India’s reduced footprint in the US market.

Government Pushes Fast-Track Diversification to Soften Losses

Realizing the urgency of expanding market access, the government has stepped up its intervention—particularly in sectors like marine products. The number of Indian seafood units cleared to export to the European Union has risen by 25 percent since the tariff hike, with 102 new approvals. Prior to this, 502 units were authorised but many applications had been pending for years.

These additional approvals are expected to boost exports to the EU by 20 to 25 percent. Given Europe’s stringent quality norms, better access to the bloc is likely to strengthen India’s reputation globally and open doors to other key markets.

Diversification Is Working—But Only Partially

While diversification efforts are showing results, the scale remains limited. Officials estimate that only about $2 billion worth of exports can realistically be redirected in the short term—far below the more than $8 billion previously shipped to the US annually.

Shrimp exporters, who send about two-thirds of India’s seafood shipments abroad, remain especially vulnerable. Their margins are thin, and competitors like Ecuador and Indonesia have already raised their prices, keeping Indian consignments competitive but not fully secure.

Exporters have also been advised against slashing prices too aggressively in new markets, as this could weaken India’s long-term bargaining power.

Relief Measures Aim to Support Exporters Through Turbulence

To cushion the impact, the government has rolled out a support package worth ₹45,060 crore. This includes ₹20,000 crore in credit guarantees to help exporters access bank loans more easily. A scheme announced in the Union Budget has also been operationalised, providing additional financial steps to assist affected sectors.

Meanwhile, trade officials see future hope in the India-EU Free Trade Agreement negotiations. Once finalised, tariffs—currently around 12 percent on certain seafood items—are expected to fall, offering valuable relief.

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India GDP

India’s economy delivered an impressive performance in the July–September quarter of FY2025-26, registering 8.2 percent real GDP growth, the fastest pace in a year and a half. This sharp acceleration from the 5.6 percent expansion in the same quarter last year highlights India’s solid footing as the world’s fastest-growing major economy. The first half of the fiscal year has now averaged 8 percent growth, reinforcing a broad-based domestic revival.

Nominal GDP increased by 8.7 percent, only slightly above real growth. This narrow gap indicates subdued inflation, which has helped support real household purchasing power. However, the softer inflation reading may also constrain government revenue, as nominal income forms the base for tax collections.

Manufacturing, Services, and Construction Drive the Upswing

One of the standout features of this quarter’s performance is the resurgence in manufacturing. The sector grew by 9.1 percent, reflecting upticks in industrial output, stronger demand for goods, and healthy corporate profitability. Many industries have reported better capacity utilization and a more favourable input-cost environment, adding momentum to the sector.

Construction also showed solid expansion at 7.2 percent, supported by government-led infrastructure projects and continued capital expenditure. From road networks to public transport corridors, large-scale projects have helped maintain steady activity across the sector.

The services sector remains the backbone of the economy, clocking 9.2 percent growth. Financial, real estate, and professional services were particularly strong, recording over 10 percent expansion. This reflects increased financial activity, improving urban sentiment, and stronger corporate service demand. Agriculture, however, grew at a more modest pace of 3.5 percent, partly due to uneven monsoon patterns.

Consumption and Investment Point to Strong Domestic Demand

On the demand side, household spending picked up, with private final consumption expenditure rising 7.9 percent. Urban consumption remained particularly strong, supported by higher incomes, stable prices, and improving employment conditions.

Investment activity held firm as well. Gross fixed capital formation grew 7.3 percent, driven by public infrastructure push and a gradual pickup in private investment. Higher investment levels suggest rising confidence among businesses, especially in manufacturing and construction-linked industries.

Together, strong consumption and steady investments underline a domestic-led growth pattern, reducing dependence on external demand.

Net Exports Remain a Drag

Despite strong domestic indicators, the external sector continues to weigh on growth. Weak global demand and volatile geopolitical conditions have limited export momentum. The trade deficit, driven by softer goods exports and sticky imports, reduced the net contribution of external trade to overall GDP performance.

Economists also point out that a low GDP deflator played a role in boosting real growth. As inflation normalizes in the coming quarters, this supportive effect may taper off, and nominal GDP growth will need to pick up to ensure strong fiscal outcomes.

Government Perspective and Economic Outlook

Government officials credit structural reforms, productivity improvements, and eased business regulations for this robust performance. Analysts agree that the recovery is broad-based, but they highlight several conditions for sustaining momentum.

Key factors to watch include:

  • stability in global economic conditions
  • revival in goods exports
  • continued public and private capital expenditure
  • strengthening rural consumption
  • moderate inflation trends

If these drivers remain favourable, many forecasts expect India’s full-year FY26 growth to exceed 7 percent.

A Promising Quarter, but Challenges Remain

India’s 8.2 percent GDP growth reflects a balanced and healthy expansion across manufacturing, services, consumption, and investment. While the outlook remains optimistic, sustaining this pace will depend on maintaining domestic demand, improving export competitiveness, and navigating global uncertainties.

The next few quarters will determine whether India’s strong momentum solidifies into a long-term growth trajectory.

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