India’s trade dependence on the US up 0.6% in last 12 months: UNCTAD

India’s trade reliance on the US grew slightly. Global trade remains strong, driven by developing nations, even with US policy changes. Electronics and electric vehicles are boosting trade. While global trade is projected to hit new records, ongoing geopolitical tensions and US policy uncertainty pose risks to the outlook.

Britain welcomes 64 Indian investment projects totaling 1.3 billion pounds. These deals, announced during PM Keir Starmer’s Mumbai visit, will create 6,900 new jobs across the UK. Investments span electric vehicles, semiconductors, agri-tech, and AI. The UK-India trade deal is already boosting investor confidence and unlocking growth. This collaboration marks a new era for bilateral […]

Prime Minister Narendra Modi announced that India and the UK are set to exceed their $112 billion bilateral trade target before 2030. Speaking at the India-UK CEO Forum, Modi highlighted the newly signed trade pact as a vision for shared progress and prosperity, reflecting growing economic convergence between the two nations.

India will not compromise national interests amidst global volatility, prioritizing food security through self-reliance, Agriculture Minister Shivraj Singh Chouhan stated. He emphasized strengthening the crucial agriculture sector, aiming for self-sufficiency in pulses and edible oils, while leveraging genome editing for better seeds and promoting mechanization for a developed India.

Special Economic Zone developers and units are seeking exemptions from quality control orders, minimum import price, and port restrictions to facilitate imports. They also requested policy amendments for Free Trade Warehousing Zones to import new vehicles and greater flexibility for domestic sales and reverse job work to utilize unutilized capacities.

A group of US lawmakers wrote to President Donald Trump urging him to repair ties with India after recent tariff hikes strained relations. They warned the measures hurt both economies and risk pushing India closer to China and Russia, calling for renewed dialogue and policy review.

The government has exempted specific steel imports, including square tins for ghee, edible oils, structural steel tubes, and stainless steel utensils, from quality control orders. This exemption applies to products shipped by October 31st, offering relief to industry users who depend on these imports.

British Prime Minister Keir Starmer is in India to promote Scotch whisky sales. A new trade deal is expected to significantly boost exports. This agreement will lower import tariffs on Scottish products. The deal aims to increase trade and create jobs in the UK. It is seen as a major opportunity for Scotland’s economy and […]

India’s Unified Payments Interface (UPI) has officially expanded to Qatar, offering a convenient payment solution for the large Indian expatriate community and travelers. This rollout allows UPI payments across all retail shops, not just select duty-free outlets. The move aims to facilitate faster remittances and reduce transaction costs for the 830,000 Indian expatriates in Qatar.

India and Brazil held their 7th Trade Monitoring Mechanism meeting, discussing bilateral trade and investment. The leaders aim to boost trade to $20 billion in five years, with current merchandise trade at $12.19 billion. Sectoral collaborations and market access were also key discussion points.