India’s burgeoning consumer market, set to become the world’s third-largest by 2026, is attracting Western nations eager for trade deals. A growing affluent class with rising disposable incomes fuels demand for premium goods. This positions India favorably in trade negotiations, leveraging its consumer base to secure access to global markets for its own exports, particularly […]
India’s trump card: Why the West hankers after Indian market
India finds a place in EU’s expanding €2 trillion trade playbook as bloc’s ties with US sour
6 months ago
Facing escalating trade tensions with the US under President Trump, the European Union is actively pursuing trade diversification by forging new agreements with countries worldwide. While lobbying for tariff reductions in Washington, the EU is accelerating trade talks with nations in Asia and South America, aiming to offset potential losses from strained transatlantic relations.
Shipping makes history, finalises a legally binding framework to reduce greenhouse gas emissions
7 months ago
International shipping, accounting for 3 percent of global greenhouse gas emissions, took a major step towards becoming a net zero industry by or around 2050. The development is historic as shipping is the first industry to finalise a legally binding regulatory framework for reducing emissions. The agreement is a much needed win for multilateralism at […]
Kandla Deendayal Port Authority (KDPA) has surpassed its goal of handling 150 million tonnes of cargo in FY24-25, confirmed by Chairperson Sushil Kumar Singh. This achievement was driven by collaborative engagement with port users and stakeholders, whose suggestions led to streamlined procedures and improved operational efficiency.
Commerce Minister Piyush Goyal affirmed India’s ongoing dialogue with the US regarding the Bilateral Trade Agreement (BTA), emphasizing the nation’s commitment to safeguarding its interests. He highlighted that India doesn’t negotiate under pressure, alluding to the US tariff pause.
India and the US aim to finalize an interim trade agreement within 90 days, targeting a significant boost to bilateral trade, potentially doubling it to $500 billion by 2030. The US has paused tariffs on Indian goods until July 9 to facilitate negotiations.
India takes US to WTO on steel, aluminium tariffs
7 months ago
India has initiated consultations with the US under the WTO’s safeguard agreement due to American tariffs on steel and aluminium. The US imposed tariffs in 2018 and revised them in February, effective from March 12, 2025. India argues these are safeguard measures, not security measures, and that the US failed to notify the WTO Committee […]
India geared up for ‘high degree’ of urgency: Jaishankar on negotiations for trade deals with US, EU
7 months ago
India is eager to finalize trade agreements with the US, EU, and UK, showing a sense of urgency in negotiations. External Affairs Minister Jaishankar noted the US’s changed global engagement approach under President Trump, impacting technology. He also highlighted China’s advancements and their influence on global trade and technology, creating a significant shift in the […]
External Affairs Minister S Jaishankar highlighted growing global economic and political unpredictability, including the weaponization of economic activities, at the India-Italy Business, Science and Technology Forum. He emphasized India’s collaboration with like-minded partners to forge resilient partnerships addressing economic and strategic priorities. Jaishankar cited fragile supply chains, geopolitical competition, and the impact of digitalization as […]
HMPL’s subsidiary, Square Port Shipyard, has partnered with Damen Technical Cooperation BV from the Netherlands to upgrade its shipyard in Dabhol, Maharashtra. The collaboration aims to construct ships for both domestic and international markets, enhancing Square Port Shipyard’s capabilities in shipbuilding and repair services. This partnership marks a significant step for HMPL in expanding its […]