Revamped inland waterways to power Northeast’s growth, boost petroleum exports: Union minister Sarbananda Sonowal

India’s services exports are providing a crucial buffer against merchandise trade volatility, growing by 9.7% year-on-year to reach $237.6 billion in April-October FY26. This robust performance has generated a net services surplus of $118.7 billion, helping to offset the overall trade deficit. Total exports saw a 4.8% YoY growth during the period.

India and the UAE held discussions on market access, data sharing, gold import quotas, and anti-dumping as part of the Joint Committee meeting under their CEPA. Both nations reviewed progress and explored ways to boost economic ties, including enhancing regulatory cooperation and signing MoUs on food safety.

India’s auto and pharma sectors are concerned as Mexico plans to more than double tariffs on countries that is doesn’t have FTAs. This move could significantly impact India’s $887 million auto exports to Mexico, its third-largest destination, and also affect pharmaceutical companies preparing to expand their presence.

The government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalisation Scheme. This initiative, part of a Rs 25,060 crore Export Promotion Mission, aims to make Indian export credit more competitive globally. The annual benefit for each exporter will be capped at Rs 50 […]

India and Russia are set to boost cross-border payments. Negotiations are underway to recognize each other’s payment systems, MIR and RuPay. Instant payment systems SBP and UPI may also integrate. This move aims to ease travel and business transactions for both nations. Discussions will feature at the upcoming annual summit. Increased settlements in national currencies […]

India has requested Russia to speed up the listing of its establishments and registration of marine and pharma products. This move aims to significantly increase bilateral trade between the two nations. Both countries are working towards a target of $100 billion in trade by 2030. Discussions also covered cooperation in various sectors and exploring payment […]

India has taken a bold stance against unfair trade practices by imposing an anti-dumping duty on steel imports from Vietnam, specifically targeting hot-rolled flat steel products for the next five years. This decisive action aims to block the rerouting of Chinese steel into Indian markets.

Indian business leaders view Saudi Arabia as a reliable investment destination, with 85% finding it attractive for trade and investment amidst global uncertainties. A significant 78% plan to increase investments in the next six months, driven by Saudi’s growing economy, stability, and business-friendly policies.