India should join China-backed Asian trade bloc it rejected years back, NITI Aayog CEO says

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.

US Elections: Donald Trump’s return as US President brings potential benefits and challenges for India. India may see stronger strategic ties with the US against China. Trade issues and reduced cooperation in technology and defense are possible concerns. Trump’s stance on immigration could also impact Indian workers seeking opportunities in the US.

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” policy could reignite a trade war between Washington and Beijing. Some experts, however, see a window of opportunity for India to ramp up its supplies to the US. This is because Trump has vowed to punish China with much higher tariffs than other nations to restore bilateral trade balance. Also, given its […]

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.

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.