Marketplace Morning Report As U.S. tariffs bite, India gives credit lifeline to exporters
Nov 13, 2025
Arunaday Mukherjee, a BBC correspondent from Delhi, discusses India's new $5 billion credit scheme aimed at supporting exporters facing U.S. tariffs, particularly in labor-intensive sectors like textiles and jewelry. He highlights the scheme's focus on collateral-free loans for small and medium enterprises to stimulate competitiveness. Meanwhile, Arsenio Dominguez, Secretary General of the International Maritime Organization, talks about the crucial COP30 negotiations concerning a UN-backed levy on shipping emissions, emphasizing the challenges of decarbonization in the industry.
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Credit Lifeline For Exporters
- India approved a $5 billion credit line to support exporters hit by steep U.S. tariffs.
- The scheme aims to boost competitiveness and help reach a $1 trillion export target.
Focus On Small Exporters
- The credit scheme targets medium and small businesses with collateral-free loans to improve competitiveness.
- It focuses on labour-intensive sectors like garments, jewelry, leather and chemicals facing job losses.
Oil Purchases Complicate Trade Talks
- India keeps buying Russian oil to keep inflation in check, which the U.S. cites when imposing tariffs.
- That creates a complex trade-off between satisfying the U.S. and protecting India's growth and inflation goals.