Overview

• Israel's Ambassador Reuven Azar told ANI he expects the dispute to be resolved through dialogue and said India–Israel trade will not be undermined.
• India's Department of Economic Affairs assessed the direct export hit as limited but warned of secondary effects across supply chains, prices and competitiveness.
• The government announced a Task Force for Next-Generation Reforms to simplify rules, cut compliance costs and bolster startups and MSMEs.
• Next-Generation GST changes are being prepared to lower taxes on essential items to ease household budgets and support consumption.
• A Commerce Ministry official said the 50% levies will pressure textiles, chemicals and machinery in the short run and that an Export Promotion Mission rollout is being expedited to support industry.