In the last week of December, commerce and industry minister Piyush Goyal had a virtual meeting with US trade representative Jamieson Greer.
India-US talks on ‘virtually’, trade deal near finish line
Indian textile and apparel exports saw a slight dip in the first nine months of FY26. Textile shipments declined, while apparel exports showed growth. Restrictions in Bangladesh and market uncertainties in the US impacted yarn and fabric sales. Some exporters offered discounts to maintain sales volumes. Companies heavily reliant on the US for home textiles […]
India is projected to surpass USD 850 billion in total exports for FY 2025-26, building on a strong performance in both merchandise and services. For the first nine months of the fiscal year, overall exports reached USD 634.26 billion, a 4.33% increase from the previous year. The services sector continues to be the primary driver […]
India’s exports to China saw a significant jump of 67.35 percent in December. This growth was fueled by increased shipments of electronics and marine products. Imports from China also experienced a rise. For the fiscal year to date, exports have surged, and imports have also climbed. The trade deficit remains substantial. This positive export trend […]
India’s exports to Hong Kong are surging. Shipments of silver jewellery, electronics, and processed stones have seen substantial growth. Cut and polished diamonds are leading this increase. This trend highlights Hong Kong’s growing importance as a trading hub for India. Diversification of exports is a key factor. Electronics and silver jewellery exports have more than […]
Indian exports to China rise in 2025 but trade deficit touches record high of $116 billion
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India’s exports to China saw a significant rise in 2025, climbing to USD 19.75 billion. This growth contributed to a record bilateral trade volume of USD 155.62 billion. However, the trade deficit with China also reached an all-time high of USD 116.12 billion. This indicates a shift in trade patterns despite ongoing global trade tensions.
A deal for the India-European Union free trade agreement is consistently under work and top EU leaders will visit India soon for a summit and the Republic Day parade. Negotiations are ongoing to resolve key differences on issues like carbon tax and duty cuts.
India’s cotton imports reached a record 3.1 million bales in the December quarter. This surge followed New Delhi’s decision to allow duty-free imports. Imports are projected to hit a new high of 5 million bales in the 2025/26 marketing year. Despite higher local crop estimates, increased imports may impact domestic prices.
The Gem & Jewellery Export Promotion Council (GJEPC) has submitted pre-budget recommendations to the Union finance minister, seeking duty rationalisation, SEZ reforms, and tax reforms for exporters. The council aims to position India as a global diamond trading hub and enhance cost-competitiveness amidst geopolitical uncertainties and slowing demand.
GMR Aero Cargo & Logistics has launched India’s first airside reefer truck at Rajiv Gandhi International Airport. This new truck ensures cold-chain integrity for temperature-sensitive cargo. It maintains precise temperatures between +2°C and +25°C. The facility eliminates temperature exposure during ramp transfers. This marks a significant advancement for perishable and pharmaceutical logistics in India.