US President Donald Trump said Washington could raise tariffs on Indian goods if New Delhi does not address US concerns over India’s purchases of Russian oil. India became the largest buyer of discounted Russian seaborne crude after the Ukraine war began in 2022, drawing criticism from Western nations that say the trade supports Moscow’s war […]
US could raise tariffs on India if they don’t help on Russian oil issue: Trump
India is unlikely to face any economic or energy fallout from the Venezuela crisis as its trade links with the country have already shrunk sharply due to US sanctions, according to think tank Global Trade Research Initiative. GTRI said India’s oil imports from Venezuela have fallen steeply since 2019, when sanctions forced refiners and firms […]
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India is pushing Russia to remove trade hurdles for its electronics, engineering goods, food, and fisheries. This move aims to unlock billions of roubles stuck in Russian banks due to oil imports. Indian exporters face challenges with Russian standards and software requirements.
India announces ₹7,295 crore export credit support package to ease financing for exporters
5 months ago
India has launched a significant export support package worth ₹7,295 crore. This initiative aims to make trade finance faster and cheaper for exporters. The package includes an interest subvention scheme and collateral support. These measures will be implemented over six years, starting from 2025. The goal is to boost India’s exports by addressing critical trade […]
The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.
A major trade deal between India and the United Kingdom is set for implementation in early 2026. This agreement aims to significantly boost trade between the two nations. Indian exporters will gain duty-free access to the UK market for most products.
India’s export horizons are expanding rapidly, with projections hitting $840-850 billion in FY26 and climbing to $950 billion in FY27. The fostering of free trade agreements, particularly with nations in West Asia, alongside robust growth in sectors like services and electronics, are pivotal to this surge.
Israeli trade negotiators will visit India in January for trade pact talks. This marks a pre-round for a Free Trade Agreement. Indian negotiators are expected to visit Russia after Budget 2026. This visit is for the second round of negotiations for the Russia-led Eurasian Economic Union trade pact. Bilateral trade between India and Israel was […]
India has imposed a provisional anti-dumping duty of $60.87-$130.66 per tonne on low ash metallurgical coke imports for six months. This measure affects imports from Australia, China, Colombia, Indonesia, Japan, and Russia, potentially raising steelmaking costs as the country aims to boost steel production.