The Indian government is planning to introduce a credit card scheme, similar to the Kisan Credit Card, to support e-commerce exporters with lower borrowing costs. This initiative aims to boost exports, which saw marginal growth in FY25, and help exporters compete following the US ending duty-free treatment for low-value imports from China.
Ecommerce export credit card in works to aid exporters
The WTO has significantly lowered its merchandise trade forecast for 2025, projecting a 0.2% decline due to the US-led trade war, a sharp contrast to the previously anticipated 2.7% growth. North America is expected to experience a steep drop in exports, while trade diversions are anticipated to benefit China and potentially open opportunities for least-developed […]
India and the US are set to begin face-to-face discussions in mid-May regarding their proposed bilateral trade agreement, following virtual talks this week. India aims to finalise the initial phase of the trade pact swiftly, potentially by September-October. Officials are monitoring potential import surges due to global tariff uncertainties, with a dedicated cell established for […]
Urgent need to fast-track trade pacts, but be very cautious on tariffs, says ITC chairman Sanjiv Puri
6 months ago
ITC Chairman Sanjiv Puri has urged expedited bilateral economic pacts and free trade agreements to expand India’s competitive edge amid global trade uncertainties. He has cautioned against potential dumping from countries facing tariffs and emphasised the need for agile monitoring.
Goods exports up 0.7%, trade gap widens
6 months ago
India’s merchandise exports edged up 0.08% to $437.42 billion in FY25, despite global headwinds, marking a new high, according to recent data. However, a surge in imports widened the trade deficit to $282.82 billion. The US remained India’s top export destination.
145% on China, 90 days for India: The clock’s ticking on PM Modi’s make-or-break moment
6 months ago
As President Trump intensifies his economic war on China with tariffs as high as 145%, India finds itself presented with a golden opportunity to take China’s place in global supply chains. But is India’s manufacturing sector, still hamstrung by skills shortages, red tape, and infrastructural gaps, ready to seize the moment? From battery workshops near […]
Rising US costs may prompt China to divert goods to India; Govt sets up monitoring cell
6 months ago
The Indian government has established an inter-ministerial group to monitor potential import surges due to global trade tensions and high tariffs on countries like China and Vietnam. This move aims to prevent the diversion of goods to India and address concerns about increased inflow of US agricultural products.
Indian exporters brace for potential freight rate hikes following the U.S. decision to temporarily pause reciprocal tariffs, excluding China. This move has spurred a surge in shipments, straining container availability and potentially leading to double-digit rate increases. Experts caution that uncertainty and Red Sea instability compound challenges for India’s container logistics sector, heavily reliant on […]
India has identified ten sectors, including apparel, chemicals, and pharmaceuticals, where high US tariffs on China provide a competitive edge. The goal is to capitalize on this advantage to offset losses in other sectors.
Opportunity in every parcel: India’s e-commerce export window widens after U.S. tariff shift
6 months ago
The United States has ended duty-free treatment for low-value imports from China and Hong Kong, creating a significant advantage for Indian e-commerce exporters. This policy shift allows Indian businesses, particularly MSMEs, to compete more effectively in the U.S. market.