{"id":8473,"date":"2025-08-28T02:07:24","date_gmt":"2025-08-28T02:07:24","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/28\/rbi-to-hold-talks-with-industry-on-us-tariff-impact-ahead-of-september-policy-review-economy-news\/"},"modified":"2025-08-28T02:07:24","modified_gmt":"2025-08-28T02:07:24","slug":"rbi-to-hold-talks-with-industry-on-us-tariff-impact-ahead-of-september-policy-review-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/28\/rbi-to-hold-talks-with-industry-on-us-tariff-impact-ahead-of-september-policy-review-economy-news\/","title":{"rendered":"RBI To Hold Talks With Industry On US Tariff Impact Ahead Of September Policy Review | Economy News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

RBI is planning consultations with industry stakeholders in September to assess the sectoral fallout of the 50% US tariffs imposed<\/h2>\n
\n
\n
\n
\n
\"font\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\"RBI\"<\/p>\n

RBI<\/p>\n<\/figure>\n

The Reserve Bank of India (RBI) is planning consultations with industry stakeholders in September to assess the sectoral fallout of the 50% tariffs imposed by the US, reported The Economic Times. The discussions are expected ahead of the next monetary policy committee (MPC) meeting scheduled between September 29 and October 1.<\/p>\n

The move comes at a time when punitive levies have come into effect, potentially impacting 55% of India\u2019s $48-billion annual shipments to the US. Labour-intensive sectors such as textiles, apparel, gems and jewellery, and marine products are expected to be among the worst hit.<\/p>\n

\u201cA consultation is being planned in the wake of an uncertain international economic environment due to tariffs and trade policies,” an official aware of the matter told ET<\/em>. Record-high tariffs are expected to expose India\u2019s merchandise exports to a pricing disadvantage of 30\u201335%, reducing competitiveness against China, Vietnam, Cambodia, the Philippines and other Asian exporters.<\/p>\n

According to officials, the RBI will also use the stakeholder meeting to review progress on the proposed India-UK Comprehensive Economic and Trade Agreement (CETA).<\/p>\n

RBI governor Sanjay Malhotra said on Monday that the central bank is prepared to cushion the economy from the fallout of Washington\u2019s move. He emphasised efforts to expand local currency trade as part of the rupee\u2019s internationalisation. \u201cRBI has always been very proactive in whatever needs to be done for the betterment, advancement and growth of our country,” Malhotra said at an industry event in Mumbai, adding that while 45% of merchandise exports are outside the tariff ambit, sectors such as textiles, gems and jewellery, shrimp cultivation and MSMEs face risks.<\/p>\n

Industry Seeks Relief<\/strong><\/h3>\n

\u201cThe impact of the tariffs is already visible in clusters such as Surat, Kanpur and Tiruppur, with fewer shifts at work,” Anil Bhardwaj, secretary general of the Federation of Indian Micro Small & Medium Enterprises (FISME), told ET<\/em>. \u201cMSMEs need credit support to sustain working capital and liquidity. Else, the situation may worsen by Diwali.”<\/p>\n

Exporters have demanded a one-year moratorium on interest payments, a 30% automatic enhancement of bank limits, collateral-free lending and interest equalisation for MSMEs.<\/p>\n

In the textile sector, India exported $6\u20137 billion worth of apparel to the US in FY25, with nearly 70% of orders placed in July-September. \u201cThis year, however, US orders for spring and summer have reduced to almost nil after America decided to slap 50% tariffs on Indian imports,” said Animesh Saxena, general secretary of the Garment Exporters & Manufacturers Association.<\/p>\n

MSMEs are now pinning hopes on the India-UK CETA, which once ratified, could open up a sizeable market to offset losses from the US.<\/p>\n

\n
\n
<\/p>\n
\"authorimg\"<\/figure>\n

<\/span><\/p>\n

Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> \u00bb economy<\/a> RBI To Hold Talks With Industry On US Tariff Impact Ahead Of September Policy Review<\/span><\/div>\n
\n
\n
Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n

Read More<\/span><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated:August 28, 2025, 07:31 IST RBI is planning consultations with industry stakeholders in September to assess the sectoral fallout of the 50% US tariffs imposed RBI The Reserve Bank of India (RBI) is planning consultations with industry stakeholders in September to assess the sectoral fallout of the 50% tariffs imposed by the US, reported…<\/p>\n","protected":false},"author":1,"featured_media":2538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-8473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/8473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=8473"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/8473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/2538"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=8473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=8473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=8473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}