Policy, Trade and Markets: Quick Take — September 2, 2025
Retailers and farmers push back on Amazon. More than 30 trade bodies and farmer groups have asked the government to reject a proposal that would let large e-commerce platforms directly buy goods for export — a move critics say could disadvantage small sellers and local retailers.
Luxury EVs face higher proposed taxes. A tax panel has recommended steep increases in levies on high-end electric vehicles priced above roughly $46,000, arguing that imported luxury EVs should carry higher taxes even as the panel supports broader relief for commonly used goods.
Pharma exporters look to diversify markets. Indian drugmakers are exploring growth in markets such as Russia, Brazil and the Netherlands to reduce heavy dependence on the U.S., while addressing regulatory and market access challenges abroad.
Flood alerts and troop drills. Parts of the national capital region have seen flood warnings as river water levels rose, while an Indian Army contingent is participating in joint exercises with U.S. forces in Alaska this month.
Market note. Currency and commodity moves were noticeable today as import dollar demand affected the rupee and investors tracked global events that influenced gold and other assets.
