As soon as the wedding season has started, the markets across the country have returned to their glory! Around 46 lakh weddings are going to take place in this Wedding Season 2025, which will run from 1 November to 14 December — and it is estimated that it will generate a business of ₹ 6.5 lakh crore! Weddings in India are not just a ritual but an economy booster — jewellery, clothing, catering, event management, travel and hospitality sectors will all see a huge boom. The expenditure is estimated to be 15% in jewellery, 10% in clothes, 10% in catering and sweets, 10% in events, and 3% in travel. The effect of GST cut will also be visible in the market – making products cheaper and shopping more!

India Forex Reserve Drops: At a time when there is a high American tariff on India and the H1B visa fees have been increased, despite these adverse circumstances, every possible steps are being taken by the Central Government to speed up the economy. One of those steps is GST Reform and Free Trade Agreement with other countries including Britain. But despite the strength on the economic front, while the Indian currency went on all time low recently compared to the US dollar, on the other side another disappointing news has come out. Hearing this, the neighboring enemy country will be happy with Pakistan as well as China.

Foreign exchange reserves decreased

In fact, the country’s foreign exchange reserves declined by $ 39.6 million to $ 702.57 billion in the week ended September 19. Information was given by the Reserve Bank of India (RBI) on Friday. A week before this, the total foreign exchange reserves of the country increased by $ 4.69 billion to $ 702.97 billion.

According to the Reserve Bank data, foreign exchange assets, considered to be the major component of currency reserves in the week ended September 19, declined by $ 86.4 million to $ 586.15 billion.

Why did there be a shortage?

Forex assets expressed in terms of dollars include the effect of price growth or depreciation in non-American currencies such as euros, pounds and yen. According to the central bank, the country’s gold reserves increased by $ 36 million to $ 92.77 billion in the current week. During this period, special drawing rights (SDR) rose $ 10.5 million to $ 18.87 billion. According to the Reserve Bank data, India’s reserved reserves in the International Monetary Fund increased by $ 296 billion in the week under review.

Also read: 23-25% jump in the first two days, online sales increased in festive season after GST reform

President Donald Trump on Wednesday announced a new tariff on all his business partner countries. Announcing in the Rose Guard of the White House, Trump said that China will impose 34% tax on imported goods. Whereas 20% tariffs will be charged on others including European country. On the one hand, while this announcement has threatened the global economy, on the other hand the possibility of a trade war has increased.

On Wednesday, Trump signed the executive order and called it Liberation Day i.e. Open Day and said that April 2, 2025 would be reborn for the American industry. 10% baseline tariffs will be imposed on all imported goods in the US, which will directly affect more than 180 countries. Countries like China imposed 34 percent tariffs, 20 percent on European Union, 25 percent on South Korea, 46 percent on Vietnam, 32 percent on Taiwan and 10 percent on Australia.

According to Trump, this tariff installed on his behalf will promote domestic production. He said that his move will bring hundreds of billions of new reviews to the US government and will bring equality in global trade.

Let us see how much reciperoch tariff was imposed on which countries on behalf of Donald Trump:

34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%tariff.

In his address to the White House, Trump said- My American colleagues, this is the liberation day which was waiting for a long time. On 2 April 2025, the US industry will be re -remembered for rebirth, after which the US -rich campaign was again started. Trump further said that the taxpayers had been cheating for more than 50 years for a long time. But now it is not going to be further. The board, led by Trump, decided to impose 52% US tariffs on India and the duskated recipe will be imposed 26%.

President Trump said that India’s business trek has been very tough about America. He cited PM Modi and said that he is our good friend, but I told him- you are our friend, but you are not behaving well with America. They are charging 52% on us. You have to understand that we did not charge anything for many years and decades. And this happened when I came to American power seven years ago and started it on China.

Also read: From medicine to steel and jewelery …, how is the impact of 26% discounted recipe of America on India?