Lack of competitiveness, paucity of risk capital, infrastructure issues and a strong rupee are preventing exports from taking off

With U.S. President Donald Trump's announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China.

Failed policies cause domestic manufactures to import medical devices, while the government wants India to list among top five medical devices manufacturing hubs in the world under the 'Make in India' initiative

Trump's terse comment within a fortnight after his meeting with Prime Minister Modi on the sidelines of the G20 Summit in Osaka on June 28 where the two leaders aired their concerns over the bilateral trade disputes and agreed for a meeting of their commerce ministers to sort out the issues.

Union Budget 2019: The Centre may also announce a phased increase in basic customs duty on parts of electric passenger vehicles to promote domestic manufacturing of EVs

Union Budget 2019 Expectations: A key pre-budget demand from the trade associations involved in import and export is that the government should announce steps to boost India's cross-border trade apart from announcing tax sops

G20 Summit: The Modi-Trump meet assumes significance in the wake of a recent tariff war between the US and India; a day before the meeting, Trump had called for withdrawal of high import duties imposed by India recently

PM Modi thanked Trump for expressing his \"love towards India\" in a letter recently delivered by US Secretary of State Mike Pompeo.