New Delhi, Aug. 30 -- From India's plan to address the disruptions from 50% US tariffs, rising culture of tuitions, India securing the top rank again among emerging market nations, Rakesh Gangwal's investments tuning into a windfall, to office expansion by India's largest IT company-here are this week's news in numbers.
US punitive tariffs on India for purchasing discounted Russian oil took effect from 27 August, taking the overall levy to 50%. This is currently the highest US tariff globally. The tariffs are expected to severely impact labour-intensive export sectors such as textiles and apparel, diamonds and jewellery, machinery, organic chemicals and shrimp, which will see over 50% tariff rates.
In response, India plans to weather th...
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