Commerce and Industry Minister Piyush Goyal announced India is actively negotiating trade agreements with countries like the US, Oman, and the EU, confident that exports will surpass last year’s figures. Despite US tariffs, India sees opportunities in restructuring trade routes and remains optimistic about its economic growth, contributing significantly to global expansion.
India is negotiating a trade agreement with US: Commerce Minister Piyush Goyal
Strong APSEZ performance, Adani’s transition to non-executive director gets analyst backing
3 months ago
Adani Ports and Special Economic Zone (APSEZ) is receiving positive sentiment from leading brokerages like Goldman Sachs and HSBC, with unanimous ‘BUY’ ratings following a strong first-quarter performance. The company reported revenue growth and margin improvements across its business verticals. APSEZ’s focus on EBITDA growth and end-to-end solutions, along with new asset contributions, supports its […]
US President Donald Trump has ruled out any trade negotiations with India following his administration’s move to double tariffs on Indian imports to 50 percent. The White House cited India’s continued purchase of Russian oil as the trigger. Prime Minister Narendra Modi responded by stating that India will not compromise on the interests of its […]
India takes a re-look at US market access offer; Sectors, barring farm, under review for BTA talks
3 months ago
India is reassessing its market access offer to the US ahead of trade talks later this month, despite the US doubling tariffs. While agriculture and dairy remain non-negotiable, other sectors are under review. India is also working on a three-pronged relief plan for exporters, including support schemes and goods diversion, to soften the impact of […]
Trump’s levy decision fails to spook India: PM Modi says will shield farmers at any cost
3 months ago
A day after the US announced steep new tariffs on Indian goods, Prime Minister Narendra Modi reaffirmed his government’s commitment to protecting the interests of farmers, livestock rearers, and fisherfolk, saying their welfare remains the top priority. Speaking at a conference, he ruled out any compromise, even if it comes at a political cost, amid […]
‘Harrowing night for us; trade in state of shock’: Exporters recall moment US imposed 50% tariff
3 months ago
Exporters across India faced late-night calls from US buyers cancelling or pausing orders after President Trump doubled tariffs on Indian goods to 50%. Apparel, seafood, gems and jewellery sectors are hit hardest. Buyers refuse to absorb the added costs, forcing some orders to shift to lower-tariff countries. Exporters warn of job losses and production halts […]
Indian consumer goods companies like Amul, ITC, Parle, and Godrej Consumer Products are exploring alternative manufacturing bases outside India—including third countries or even the US—to manage rising tariff-related risks. Amul, already producing milk in the US, plans to expand to paneer, butter, and cheese to avoid high duties.
Lok Sabha passes Merchant Shipping (Amendment) Bill
3 months ago
The Lok Sabha passed the Merchant Shipping Bill, 2024, amidst opposition protests, aiming to modernize maritime legislation and address India’s evolving economic needs. This bill broadens vessel ownership eligibility and grants the government authority to detain stateless vessels within Indian waters. It repeals the Merchant Shipping Act of 1958, introducing contemporary provisions for marine casualty […]
President Trump’s trade actions against India, stemming from trade imbalances and Russian oil purchases, threaten to undermine decades of diplomatic progress. These measures, including tariffs and criticism, have strained relations, pushing India to reassess its partnerships. India faces pressure to balance its relationship with the U.S. while exploring ties with Russia and China, navigating a […]
‘Unfair, unjustified and unreasonable’: MEA after Trump loads extra 25% tariff on Indian shipments
3 months ago
India strongly opposed US President Donald Trump’s decision to impose a 25% tariff. India called the move unfair and unjustified. The tariff, totaling 50%, impacts Indian goods. India stated it will take necessary actions to safeguard its interests. The US cited India’s oil imports from Russia as the reason. India defended its energy security decisions.