https://www.taxtmi.com/news?id=63192 US tariff measures have coincided with a deceleration in India's manufacturing activity, with the HSBC India Manufacturing PMI falling to 56.6 in November due to softer sales and production. New export orders rose at their weakest pace in over a year and the new export orders PMI hit a 13 month low, contributing to reduced business confidence. Indian authorities are pursuing a framework Bilateral Trade Agreement to address reciprocal tariff barriers, but officials acknowledge the BTA will take time and current tax cuts may not offset the tariff headwind. en-us Mon, 01 Dec 2025 12:31:03 +0530 Mon, 01 Dec 2025 12:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63192 US tariff measures have coincided with a deceleration in India's manufacturing activity, with the HSBC India Manufacturing PMI falling to 56.6 in November due to softer sales and production. New export orders rose at their weakest pace in over a year and the new export orders PMI hit a 13 month low, contributing to reduced business confidence. Indian authorities are pursuing a framework Bilateral Trade Agreement to address reciprocal tariff barriers, but officials acknowledge the BTA will take time and current tax cuts may not offset the tariff headwind. News - Mon, 01 Dec 2025 12:31:03 +0530 https://www.taxtmi.com/news?id=63192