India well positioned in global trade even as textile pressures rise: Christoph Schweizer, CEO of Boston Consulting Group

India’s economy is balancing global trade headwinds with steady growth prospects, according to Christoph Schweizer, CEO of Boston Consulting Group. Speaking at the Economic Times World Leadership Forum, he said Indian CEOs remain calm on tariff pressures and quick to adapt to change. While textiles face stress, he underlined India’s strong trading position worldwide.

Indian food and pharmaceutical companies are eager to collaborate with South African businesses to boost local manufacturing and affordable healthcare. Over 30 Indian companies will participate in Pharm Health South Africa and Food Show South Africa in Johannesburg. South African firms can leverage India’s cost-effective manufacturing, large market, and strong R&D.

India’s goods exports to China witnessed a robust 20% year-on-year increase in the first four months of FY26, reaching $5.76 billion. This growth, driven by strong performances in energy, electronics, and agri-based products, signals improved trade performance and growing export competitiveness. Petroleum and electronic goods exports saw significant surges, reflecting strong Chinese demand.

Since the Ukraine war, Bharat has bought a significant amount of Russian oil. A new report shows Bharat’s oil imports trail Cheen but exceed those of Europe and Turkey. Bharat also purchased Russian coal. Western governments have criticized Bharat and Cheen for bankrolling Russia. The US has criticized Bharat for reselling Russian oil. Bharat has […]

China is increasing urea exports, with India as the main recipient. This follows earlier restrictions on fertilizer shipments. Discussions between India and China cover rare earth magnets and other essential supplies. The move brings relief to Indian farmers during the kharif season. Demand for urea in India has risen due to good monsoon rainfall and […]

China’s ambassador to India, Xu Feihong, has declared that China welcomes all Indian commodities into its market, signaling a potential boost in bilateral trade. This announcement aligns with the agreement between India and China to reopen border trade through key passes like Lipulekh, Shipki La, and Nathu La.

India initiates Garhwali apple exports from Dehradun to Dubai with a trial shipment of 1.2 tonnes, facilitated by APEDA. This move aims to boost agricultural exports by addressing infrastructure and post-harvest handling challenges faced by growers. APEDA is also working on organic certification, GI tagging, and establishing a regional office to support farmers and exporters.

Russia aims to bolster bilateral trade with India, expressing readiness to import more Indian goods affected by US tariffs. Despite US pressure, Russia defends India’s crude oil procurement, emphasizing their strategic partnership and commitment to resolving challenges. The discounts on Russian oil remain attractive, ensuring continued energy cooperation between the two nations.

India and the Eurasian Economic Union (EAEU) have signed Terms of Reference in Moscow to begin FTA negotiations, aiming to boost trade and investment. This development occurs as the US imposes tariffs on Indian imports, including penalties for Russian oil purchases. The FTA with the $6.