Urgent measures needed to reduce trade imbalances with Russia: Jaishankar

India’s External Affairs Minister S Jaishankar called for immediate action to address the significant trade deficit with Russia, which has reached USD 25.11 billion due to increased crude oil imports. He emphasized the need to remove trade barriers, promote national currency settlements, and explore collaborations in energy, connectivity, and human resources to achieve a more […]

India’s Commerce Minister Piyush Goyal set an ambitious goal of reaching $2 trillion in exports by 2030, emphasizing the need for collective efforts to overcome non-tariff barriers. Goyal urged the Indian Institute of Foreign Trade to contribute by studying these barriers and leveraging free trade agreements to benefit businesses and create jobs.

India’s forex reserves decreased by $2.6 billion to $682.1 billion for the week ending November 1, as the Reserve Bank of India likely intervened to support the weakening rupee. The rupee fell slightly against the dollar, closing at 84.07, after hitting a record low during the week. Outflows from Indian stocks and bonds contributed to […]

Moody’s predicts India and ASEAN nations will experience economic growth as trade shifts from China under a second Trump administration. The report anticipates increased US investment in these regions. However, the global supply of semiconductors could face disruptions due to potential geopolitical tensions. Trump’s policies are expected to impact fiscal deficits, trade, climate change, and […]

Former Indian Foreign Secretary expresses optimism about Donald Trump’s second term as US President. The article highlights the strengthening of India-US ties during Trump’s first term, citing advancements in defense cooperation, trade, and the Quad. The author believes that India is well-positioned to navigate a second Trump presidency and further enhance the bilateral partnership.

Moody’s Ratings predicts that a second Trump presidency could shift trade and investment away from China, potentially benefiting India and ASEAN countries. While this shift might dampen regional growth in Asia, it could make Europe a more attractive investment destination due to its relative stability. However, reduced US support for Ukraine and NATO could increase […]

India’s decision to stay out of the RCEP trade bloc was a smart move, according to think tank GTRI. They argue that joining could have worsened India’s already large trade deficit with China. GTRI points out that other RCEP members have seen their trade deficits with China grow, suggesting that the agreement benefits China more […]

Following Donald Trump’s election as US president, Indian officials are drafting policy briefs on trade and investment. These aim to address potential concerns about India’s trade practices and highlight investment opportunities, particularly in infrastructure and supply chain diversification away from China.

India is exploring Brazil as a major source for black gram and pigeon pea imports to meet domestic demand. Brazil’s urad bean exports to India have already surged. This strategic partnership leverages contrasting cropping seasons, enabling countries like Brazil and Australia to tailor production to India’s needs, as demonstrated by increased chickpea imports from Australia.

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 […]