India’s landmark trade agreement with the European Free Trade Association (EFTA) bloc becomes operational on October 1. This first-ever pact with a European grouping includes a significant $100 billion investment pledge from EFTA nations over 15 years, aiming to create one million jobs.
India’s first Europe-facing trade pact comes into effect on October 1
US Commerce Secretary Howard Lutnick stated India must ‘react correctly’ to the US, open its markets, and avoid actions harming America. He emphasized that countries selling to US consumers need to ‘play ball’ with the US President. This follows a recent visit by an Indian delegation to the US for trade discussions aimed at strengthening […]
If India gets trade deal, that would be big confidence-building measure: Michael Kugelman on India-US relations
9 months ago
South Asia analyst Michael Kugelman has highlighted the importance of trade talks between India and the United States, stating that a potential trade deal could serve as a major confidence-building measure and help stabilise the bilateral relationship while easing tensions.
India and the European Union’s 13th round of FTA negotiations in Delhi saw limited progress, particularly in automotive and agricultural sectors. While advancements were made in rules of origin and investment, key disagreements persist in agriculture, chemicals, and automotive standards. The EU highlighted the need for high-level interventions to bridge the gap, with the next […]
Food security key to wheat export limits: Govt
9 months ago
Food Minister Pralhad Joshi stated the government will consider easing wheat product export restrictions after assessing the planting and production outlook for the season. The flour milling industry requested permission to export up to 1 million tonnes of processed wheat products. The government will evaluate availability and food security before making any decisions regarding export […]
The United States aims to boost energy ties with India. This includes natural gas, coal, nuclear energy, and clean cooking fuels. US Energy Secretary Chris Wright praised India as a “star” in clean cooking fuels. He highlighted India’s growing energy needs and economic dynamism. The US seeks increased energy trade and collaboration with India.
Mazagon Dock Shipbuilders signs MoU with TN govt to develop greenfield shipyard on the eastern coast
9 months ago
Mazagon Dock Shipbuilders Limited (MDL) and Guidance Tamil Nadu have signed a Memorandum of Understanding (MoU) to investigate the possibility of building a cutting-edge greenfield shipyard on India’s eastern coast. The agreement was formalized on September 19 during a ceremony organized by the Ministry of Ports, Shipping and Waterways (MoPSW) in Bhavnagar, Gujarat.
India close partner of US, but Trump imposed additional tariff for purchasing Russian oil: US State Secy Rubio
9 months ago
US Secretary of State Marco Rubio said that President Donald Trump imposed tariffs on India for buying Russian oil. Rubio met with External Affairs Minister S Jaishankar to discuss bilateral and international issues. Both agreed to promote a free and open Indo-Pacific region. Trump claimed to have brokered peace between India and Pakistan, among other […]
India and France discussed strengthening their strategic partnership, focusing on civil nuclear energy, defence, and security cooperation, with a special emphasis on small and modular reactors (SMRs).
India’s manufacturing sector faces challenges due to a 50% US tariff, impacting labor-intensive industries and oil imports from Russia. Growth expectations for South Asia have softened, while the global economy is projected to weaken by 2026 due to trade disruptions and policy uncertainty. Emerging markets are expected to drive growth, but divergence between advanced and […]