India’s merchandise and service exports are predicted to exceed USD 800 billion this fiscal year, driven by government support and competitive products. Government initiatives like new industrial cities and the production-linked incentive scheme are boosting domestic manufacturing. Despite geopolitical challenges, Indian exporters are securing orders globally, with the government actively mitigating issues like the Red […]
India’s goods, services exports to cross USD 800 bn this fiscal: Sakthivel
India should join China-backed Asian trade bloc it rejected years back, NITI Aayog CEO says
2 years ago
A top Indian government official urged India to join the RCEP and CPTPP trade blocs to boost manufacturing and exports. He argued that India missed out on opportunities from companies seeking to diversify supply chains beyond China due to high tariffs.
The Indian government is considering granting infrastructure status to the entire shipping sector. This move would provide the industry with access to financial assistance and concessions, boosting the indigenous shipping industry. The finance ministry is currently consulting with banks and financial institutions before a final decision is made.
India’s vegetable oil imports are projected to decrease to 15 million metric tons in the 2024-25 season due to anticipated growth in domestic production fueled by favorable weather conditions. This follows an estimated 16 million tons of imports in the 2023-24 season, down from 16.5 million tons the previous year.
Following Donald Trump’s election as US President, Indian investors are evaluating the potential effects of his proposed trade policies. While some analysts predict difficulties for Indian exporters, particularly in pharmaceuticals and IT, others believe that sectors like EMS and chemicals could benefit from a ‘China +1’ strategy among US companies.
Indian automobile and consumer goods companies witnessed growth in exports. Overseas sales increased for companies like Maruti Suzuki, Bajaj Auto and ITC. The Society of Indian Automobile Manufacturers reported a 12% rise in passenger vehicle exports. Industry leaders are optimistic about the future of exports. Some companies are expanding manufacturing capacity to meet growing global […]
Trump’s ‘America First’ agenda may lead to higher tariffs on Indian auto, textiles, pharma: Experts
2 years ago
Indian exporters may face higher tariffs on goods like textiles and pharmaceuticals as Donald Trump’s ‘America First’ agenda prioritizes protectionist measures. While this could negatively impact key Indian exports, a tougher stance on China might open new opportunities.
The Jawaharlal Nehru Port Authority (JNPA) reported an 11.86% year-on-year increase in container traffic, reaching 6,14,651 TEUs in October. This growth was driven by a surge in container rakes and overall cargo handling. Over the past seven months, total container traffic at JNPA surged by 13.12%, while total cargo rose by 5.6%.
India-US relations are expected to remain strong. Trade and investment between the two countries have been increasing. The US is a major source of tourists and foreign direct investment for India. Key Indian exports to the US include electrical machinery, precious stones, and pharmaceuticals. India imports mineral fuels, precious metals, and machinery from the US.
India’s stakes in the US elections are high, particularly in trade, technology, energy, and defence. If Donald Trump wins, US-India relations could shift as Trump seeks to enhance ties, despite past trade tensions. While his “America First” policy could challenge trade dynamics, it may open new opportunities, particularly under the “China Plus One” strategy, benefiting […]