Sberbank plans to go big in India, move rupee surplus into G-Secs

Sberbank, which processes the largest share of India-Russia trade payments, is also looking at channelling rupee surplus of its investors into government securities, said Herman Gref, CEO and chairman of the executive board. The bank is also considering the export of gold to India, having secured a licence to do so. It’s also examining entry […]

Indian pharmaceutical exports are set to reach a new high of $32 billion this fiscal year. This growth is driven by formulations, especially in Europe, Africa, and Latin America. Despite challenges in the US market and global quality checks, the industry shows resilience. Steady demand and normalizing supply chains support this positive outlook.

India and Russia aim to double bilateral trade to $100 billion by 2030, focusing on diversifying exports beyond current levels. Both nations are actively seeking to address the significant trade imbalance, with New Delhi identifying opportunities in consumer goods, automobiles, and electronics. Russia is keen to increase India’s share in its imports, offering support for […]

The visit is crucial as India and the US are working to finalise the first tranche of the BTA amid Washington imposing 50% tariffs on India, of which 25% are penalty for buying Russian energy, effective August 27. So far, five rounds of trade talks have been completed for the BTA.

India welcomed Russia’s approval of 128 seafood processing units for exports, calling it a sign of growing trust. Fisheries Minister Rajiv Ranjan Singh urged Moscow to clear the remaining 32 units and lift temporary suspensions to further boost trade. Expanded access will benefit 30 million fishery-linked livelihoods, diversify exports, and strengthen India’s position as a […]

Commerce Minister Piyush Goyal has urged Indian industry to identify weaknesses and innovate for future growth. He stressed reducing reliance on any single country due to the weaponization of trade. Goyal highlighted India’s strong economic performance with 8.2% growth and low inflation. He emphasized self-sufficiency in critical products and strengthening domestic supply chains.

India is negotiating a trade deal with the Eurasian Economic Union to increase exports of pharmaceuticals, chemicals, and engineering goods. The agreement aims to reduce India’s trade deficit with Russia. Discussions focus on product categories and potential restrictions. This move comes ahead of Russian President Vladimir Putin’s visit. The EAEU market presents significant opportunities for […]

The EU and India are committed to finalizing their Free Trade Agreement by the end of 2025, with 11 out of 23 chapters already closed. Key areas like market access for cars and services remain under negotiation. This strategic partnership, representing 25% of global GDP and population, aims to boost bilateral trade, currently at $136 […]

The commerce ministry will release the export and import data for November on December 15.

Commerce and Industry Minister Piyush Goyal urged industries to identify vulnerabilities, innovate, and diversify supply chains to ensure long-term resilience, citing the “weaponization of trade.” He highlighted India’s strong economic growth of 8.2% and robust foreign exchange reserves, emphasizing the need for self-sufficiency in critical sectors and deeper global integration.