India and the European Union have committed to finalizing a free trade agreement by year’s end, aiming to mitigate impacts of U.S. tariff hikes. The deal, covering sectors like technology and green growth, demands significant concessions from both sides, with talks resuming after an eight-year hiatus.
EU looks to strike security, defence deal with India: Ursula von der Leyen
India Ratings (Ind-Ra) warned that India’s exports to the US could drop by USD 2-7 billion in FY26 if the US imposes reciprocal tariffs. India’s exports to the US rose 5.57% to USD 59.93 billion in FY25, while imports grew by 1.91%. Bilateral trade discussions and defense pacts may mitigate the impact, with GDP growth […]
India and Japan have renewed their USD 75 billion bilateral currency swap agreement, as announced by the Reserve Bank of India (RBI). The Bilateral Swap Arrangement (BSA) allows both countries to exchange their local currencies for US dollars. The agreement was signed by the Bank of Japan and the RBI, and it remains effective as […]
India is forming a consortium of state-owned companies to develop and operate ports overseas, responding to China’s global maritime influence. This initiative aims to bolster India’s strategic and trade positioning by enhancing its global shipping network, supporting manufacturing growth, and strengthening supply chains.