US antidumping investigation threatens Indian solar module exports (Financial Express)
The U.S. has launched a new anti-dumping and countervailing duty (AD/CVD) investigation into solar module imports from India, Indonesia, and Laos, citing dumping margins as high as 213.96% for India, which may disrupt India’s solar exports—especially impacting firms like Waaree, which has 57% of its order book exposed to the U.S. market. This comes at a time when India accounts for 8% (4.4 GW) of total U.S. solar module imports (54 GW in 2024), following earlier duties on Cambodia, Malaysia, Thailand, and Vietnam that had shifted volumes toward India, Indonesia, and Laos. While Indian solar module capacity has surged to 74 GW (modules) and 25 GW (cells) and is expected to reach 125 GW/40 GW by 2030, analysts warn that additional U.S. duties could dampen India’s long-term growth in cell exports, despite a growing global recognition of India as a reliable clean energy partner.
EU sanctions on Russian crude to harm Indian fuel exporters (The Economic Times)
The European Union’s upcoming ban on fuels refined from Russian crude (effective January 21, 2026) offers only short-term relief to Indian exporters like Reliance Industries, which heavily imports Russian oil and exports fuels to Europe. The new rules require importers to prove the origin of crude used in refining, and since India is a top importer of Russian oil, its fuel exports could fall within the ban’s scope—raising compliance risks and trade uncertainty. Despite Reliance reporting a 78% YoY profit jump to ₹26,994 crore, its stock dipped 3.3% on Monday, partly due to the potential impact of these sanctions and weaker-than-expected earnings estimates.
Govt taking multi-pronged approach to sustain economic growth amid uncertainties: MoS Finance (The Economic Times)
The government has reaffirmed its commitment to fiscal discipline, maintaining the 2025–26 fiscal deficit target at 4.4%, while adopting a multi-pronged strategy—including increased capital expenditure (₹1.5 lakh crore), trade liberalization, credit schemes, and infrastructure investments—to support growth amid global uncertainties. Backed by strong macroeconomic fundamentals like robust forex reserves, a well-capitalised banking sector, and a resilient financial system, India’s economy has seen its per capita net national income rise from ₹72,805 in 2014–15 to ₹1,14,710 in 2024–25. New initiatives such as power sector reforms, a rural prosperity programme, and state-level incentives further reflect the government’s focus on inclusive development and structural resilience.
