Diamond exports plunge 17% in FY25 amid global headwinds

India’s gem and jewellery exports faced a significant downturn in FY25, dropping 11.72% to $28.5 billion, primarily due to geopolitical tensions, a slowing US economy, and China’s withdrawal from diamond purchases. Cut and polished diamond exports saw a sharp 16.75% decline. The industry is now seeking tariff relief from the US to mitigate potential trade […]

India’s cut and polished diamond exports hit a near two-decade low in fiscal year 2024/25 due to weak demand from the U.S. and China. This decline significantly impacted overall gem and jewelry exports, dropping them to a four-year low. Despite a March surge in exports ahead of potential U.S.

India and the United States are finalizing terms for a bilateral trade agreement, aiming for $500 billion in trade by 2030. Negotiations will address India’s restrictions on farm goods, including tariffs on staples like rice and wheat. The U.S. seeks access for corn, soybeans, and animal feed, while India has concerns about genetically modified crops […]

India is unlikely to offer a ‘zero-for-zero’ tariff deal to the US in their Bilateral Trade Agreement, deeming it suitable only between developed nations. The BTA will encompass goods, digital trade, professional movement, and intellectual property rights. Virtual talks are scheduled, aiming for clarity by May-end, with a broader goal to double bilateral trade to […]

Bangladesh’s recent actions, including the closure of land ports and suspension of yarn imports from India, have negatively impacted bilateral trade. These decisions, made despite opposition from business chambers, threaten Bangladeshi SMEs and favor Pakistani imports. Consequently, India has revoked a transshipment facility for Bangladesh, excluding trade with Bhutan and Nepal, signaling a setback in […]

India’s crude soyabean oil imports surged to 19.11 lakh tonnes during November 2024-March 2025, more than doubling from the previous year, driven by increased shipments from Argentina, Brazil, and Russia, according to SEA. While soyabean oil imports rose sharply, overall edible oil imports saw a marginal decrease due to reduced palm and sunflower oil purchases […]

India and the US are engaged in bilateral trade agreement negotiations, aiming to double trade to USD 500 billion by 2030. A ‘zero-for-zero’ tariff strategy is unlikely due to differing economic development levels.

A parliamentarian emphasizes the opportune moment for India and the UAE to strengthen their bilateral ties, highlighting visionary leadership and the necessity of collaboration to address global challenges. The Global Justice, Love and Peace Summit in Dubai addressed inequalities and promoted dialogue, with speakers advocating for inclusiveness and tolerance in an increasingly divided world.

India’s shrimp export industry, heavily reliant on the US market, is strategizing to diversify risks. Following a tariff ease by the US, the industry is urging the government to promote domestic shrimp consumption and negotiate a free trade agreement with Europe.

Deputy Prime Minister Antonio Tajani of Italy, accompanied by a delegation, visited India to bolster bilateral cooperation. Discussions with Indian counterparts focused on trade, defense, technology, and clean energy under the Joint Strategic Action Plan 2025-29. The visit also saw the launch of the India-Italy Business, Science and Tech Forum to promote collaborations and partnerships […]