India supplies port equipment worth $24 million for Chabahar Port development: EAM S Jaishankar

India has supplied port equipment worth about USD 24 million to develop Iran’s Chabahar Port, with further procurement underway. A 10-year contract for operating the Shahid Beheshti Terminal was signed in 2024. Chabahar Port aims to enhance trade access to Afghanistan, Central Asia, and Eastern Russia, with plans to link it to the International North […]

India aims to become the world’s most efficient and trusted trade hub by expanding authorised economic operators (AEOs), integrating free zones, and implementing innovative policies. Technology and trust are pivotal, with 17 of 20 major ports fully automated and efforts to provide online services at all ports.

After declining in August over July, the services exports increased to USD 32.57 billion in September. Imports, too, increased for the second consecutive month.

As the US escalates tariffs on Chinese imports, Crisil warns this could lead to an increase in diverted exports to nations like India. While India-US trade has surged, India’s trade deficit with China has widened, highlighting stark imbalances despite overall trade growth.

India’s Commerce Minister Piyush Goyal expressed disappointment over the EU’s green trade regulations, including CBAM and EUDR, calling them unfair and unilateral. He emphasized the principle of common but differentiated responsibilities and India’s low per capita emissions during a meeting with his French counterpart, hoping for a resolution through continued engagement.

India’s trade with the US and China reached nearly $120 billion each in fiscal 2024. Trade with the US yielded a $35.3 billion surplus. Trade with China resulted in an $85.1 billion deficit. Exports to the US diversified, while exports to China stagnated. India aims to boost domestic manufacturing and reduce import reliance.

Russia and India achieved record-breaking bilateral trade of USD 66 billion in 2024. This represents a fivefold surge in five years. The countries aim for USD 100 billion in trade by 2030. Collaboration is expanding in sectors like railways, IT, and pharmaceuticals. Indian businesses have new opportunities in Russia. A proposed trade desk in Kolkata […]

Morgan Stanley’s analysis suggests India and Japan are relatively insulated from President-elect Trump’s tariff threats, with Japan particularly well-positioned. While India faces greater exposure, the impact on growth is estimated to be moderate. However, broader tariff implications for Asia remain a concern, emphasizing the need for diversified trade partnerships.

India is seeking assurances from the European Union that future non-tariff barriers won’t harm its interests during ongoing free trade agreement negotiations. India raised concerns about measures like the Carbon Border Adjustment Mechanism, emphasizing market access for goods, services, investment, and government procurement as key priorities.