Amid delays in the US-India tariff agreement, India is adopting a China-style export diversification strategy. After finalizing a trade deal with Oman, India is now in the final stages of negotiations with the European Union, its second-largest apparel export market. Currently, Indian apparel exports face 8–12% import duties in the EU, unlike Bangladesh, Vietnam, and Turkey. Amidst the delay in US-India Tariff Agreement, India is now working on Export Diversification Strategy like China. After the Trade Agreement with Oman, negotiations with EU are now in the final stages. EU is India’s second largest Apparel Export Market, where currently 8–12% Import Duty is imposed on Indian Products. Countries like Bangladesh, Vietnam and Turkey do not have to pay this fee.

Petrol and Diesel may soon become much cheaper, because the big estimate of Global Bank JP Morgan has come out. According to the bank, in the next three years the world supply of oil is going to exceed its demand. For this reason, there will be excess Brent Crude Oil in the market, due to which its prices may fall by 50% to around $30 by the end of FY 2027. This estimate has come at a time when India is the second largest oil importer in the world. The Indian economy will directly benefit from the huge fall in prices. India’s crude oil import bill in the year 2024 is more than ₹12 lakh crore. If Brent Crude comes to $30, India can get huge savings of about ₹6 lakh crore. The biggest reason for this Demand-Supply imbalance is the strong production capacity of Non-OPEC+ countries. By 2027, almost half of the new supply coming to the market will be from outside OPEC+ countries. Due to this, global inventories are filling up rapidly. This year the world’s oil stock has increased at the rate of 1.5 million barrels per day, of which about 1 million barrels are stored in ships and China’s reserves. If Brent Crude falls to $30, India, the government and the common man will get huge benefits.

Trump has imposed new sanctions on Russia’s major oil companies Rosneft and Lukoil, causing panic in the global energy market. These bans will also have a direct impact on India, because India fulfills about 30–40% of its crude oil needs from Russia. India’s leading refiner companies Reliance Industries (RIL), which buys 5 lakh barrels of oil daily from Rosneft under a 25-year agreement, is now preparing to find a new supplier. Nayara Energy, which is more dependent on Russia, is left with limited options. Due to this, India may have to buy expensive oil from the Middle East, Latin America and America. After Trump’s announcement, crude oil prices jumped by 5%, due to which India’s oil bill may increase by about Rs 1 lakh crore. As a result, prices of petrol and diesel are likely to rise, which will increase pressure on both inflation and production costs.

To strengthen the economic relations between India and the US, Indian public sector oil companies are now preparing to increase gas supply from Russia and increase gas supply from the US. Its purpose is not just energy security, but also to create better relations with the US and to pressurize tariffs. Trade war has disrupted cooking fuel and plastic supply from the US, making LPG’s long -term supply plans. According to Bloomberg report, by 2026, three major gas carriers will import fuel from the US every month, which will meet the needs of more than 33 crore domestic LPG consumers. China is now buying more LPG than West Asia, making America’s products cheap and competitive. Saudi Arabia and other oil exporting countries are also reducing prices to save their share in a large market like India. This change will keep the balance of India’s energy strategy and foreign policy.

The manufacturing sector of India is growing rapidly and in view of this occasion, Nippon India Mutual Fund has launched a new Fund – Nippon India Nifty India Manufacturing ETF and Index Fund. This fund is based on Nifty India Manufacturing Index, which covers sector companies such as Capital Goods, Auto, Metals. The subscription is open from 6 August to 20 August 2025. This is low cost, diversified and transparent investment option. In ETF you can do INTRADAY Trading, while in Index Fund you can invest systematic through SIP. India’s Manufacturing Sector is Growing Rapidly, and Seeing this Opportunity, Nippon India Mutual Fund Has Launched A New Fund – Nippon India Nifty India Nifty India Manufacturing ETF and INDEX Fund. This fund is based on the nifty India manufacturing index, coversing companies in sector like Capital Goods, Auto, Auto, and Metals. Subscription is open from August 6 to August 20, 2025. It offers a low-cost, diversified, and transparent investment option. You can do intraday trading through the etf, while the Index Fund Allows Systematic Investment Through Sips.