India’s Commerce Minister Piyush Goyal hailed the proposed Free Trade Agreement with the European Union as the “mother of all deals,” anticipating a mutually beneficial pact that will boost exports. He assured that national interests would not be compromised, with sensitive issues like the Carbon Border Adjustment Mechanism and dairy to be addressed satisfactorily.
Mother of all deals: Piyush Goyal on upcoming FTA with European Union
India is gearing up to unveil an innovative strategy for Chabahar Port, paving the way for strengthening its stake following the anticipated end of US sanctions in April. Collaborating with a regional Iranian firm, India Ports Global Limited aims to regain operational control over this crucial port.
India’s gem and jewellery exports saw a dip in December 2025. Geopolitical issues impacted demand in key markets. However, overall exports remained stable. Jewellery exports, especially gold and silver, showed strong growth. This balanced out a slowdown in cut and polished diamonds. Free Trade Agreements are boosting exports to countries like the UAE and Australia.
India’s textile and apparel exports grew for the second month in December. This growth shows the sector’s adaptability and strength in value-added products. Handicrafts, ready-made garments, and MMF yarn led the expansion. Exports remained stable for the full year. India’s market presence broadened significantly across many countries, highlighting its position as a reliable global sourcing […]
In the last week of December, commerce and industry minister Piyush Goyal had a virtual meeting with US trade representative Jamieson Greer.
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
5 months ago
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.