France’s CMA CGM places first vessel order in India

In a strategic move towards economic collaboration, India is seeking a trade agreement with the United States that promises reciprocal advantages. Current negotiations are prioritizing the resolution of tariff discrepancies while enhancing energy trade.

September was a promising month for India’s exports, showcasing their vibrancy amid global turbulence. However, with imports climbing at a quicker rate, the trade deficit has widened. Ongoing discussions surrounding U.S. tariffs are under scrutiny, while negotiations for a free trade agreement with the EU are in their final stages.

India and China remain significant buyers of Russian fossil fuels. In September, India’s imports of Russian crude oil saw a decline. This comes as the United States urges India to reduce its reliance on Russian energy. China leads as the top importer of Russian crude, LNG, and coal. Turkiye also features prominently in these energy […]

In a fresh twist to international trade, Russia is poised to become a major player in the banana market, turning its gaze towards India for imports. The Russian agricultural oversight body, Rosselkhoznadzor, has revealed plans to source anywhere from 300,000 to 500,000 metric tonnes of bananas annually.

Indian exports of key goods to the United States saw a significant drop in August. Labour-intensive products like textiles, leather, and jewellery experienced a downturn. This follows the imposition of tariffs by Washington on New Delhi. Shipments of marine products, tyres, and garments also declined. Even kitchen staples like tea and spices faced reduced exports.

India and Taiwan have asked the WTO to postpone a decision on import duties until April 2026. Both nations are working to resolve the issue through talks. This delay aims to facilitate a mutual agreement. The WTO’s dispute settlement body will consider this request soon. The ruling concerns duties on certain information and technology products.

India’s mobile phone exports surged by 95% year-on-year in September, reaching over $1.8 billion despite a historically lean period. For April-September, exports hit $13.5 billion, with the US being the largest destination, accounting for nearly 70% of the total. This growth highlights India’s strengthening mobile manufacturing ecosystem and global reliability.