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 […]
Hong Kong emerges key market for India’s high-value exports
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.
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.
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.
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.
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.
US President Trump announced a 25% tariff on countries trading with Iran, aiming to pressure Tehran amidst anti-government protests. However, the move is expected to have a limited impact on India’s overall trade, as most of its exports to Iran are humanitarian in nature and already compliant with US sanctions.
Iran unrest delays India’s ₹2,000 cr basmati rice export dues; exporters eye new markets
5 months ago
Indian basmati rice exports are facing a significant setback as payments worth approximately ₹2,000 crore are stuck as protests in Iran have halted trade. Iran, a major buyer, is unable to remit payments or honor contracts. This disruption is causing uncertainty for exporters, impacting basmati rice prices in India’s wholesale markets.
Spice exporters may face heat from China chillies
5 months ago
China is now growing and exporting cumin and chillies, key Indian spice exports. This development poses a challenge to India’s global leadership in spices. Chinese spices are often cheaper, even after local processing. This shift’s impact will become visible in the coming seasons. Farmers are planting less due to crop losses and low export prices.
India, US discuss trade, minerals, defence & energy in latest talks between Jaishankar and Rubio
5 months ago
External Affairs Minister S Jaishankar held discussions with US Secretary of State Marco Rubio, covering trade, critical minerals, nuclear cooperation, defense, and energy. Both leaders agreed to maintain ongoing contact on these vital bilateral issues.