President Trump issued an ultimatum to India, threatening massive tariffs unless it significantly reduces its import of Russian crude oil. This move directly links Washington’s goal of cutting Moscow’s war funding to economic consequences for Indian exporters, following previous tariff hikes.
‘Cut Russian oil or continue facing massive tariffs’: Trump issues warning to India
In a significant diplomatic effort, India and Brazil are engaging in negotiations to enhance their trade agreement, aimed at bolstering economic ties with the Mercosur bloc. Following Brazilian Vice President Geraldo Alckmin’s recent visit to India, the countries are eager to expand their trade preferences. The discussions are projected to wrap up in the next […]
Indian exports are diversifying. Shipments grew in 24 countries during April-September. This diversification offsets a decline in exports to the US. High tariffs imposed by the US impacted trade with America. Exporters are focusing on new markets in Africa, Latin America, and the Middle East. This trend is expected to continue.
India’s exports to the United States have seen a decline. Shipments to other countries are performing strongly, exceeding previous growth. This trend follows a US tariff hike. Global trade growth is also projected to slow. However, India’s current account deficit is expected to remain manageable due to strong services exports and remittances.
India and the US are holding trade talks in a cordial atmosphere. India is committed to protecting its farmers, fishermen, and MSME sectors. The first phase of the bilateral trade agreement is targeted for fall 2025. Despite global uncertainties, India’s exports are expected to grow. Most e-commerce firms have passed on GST benefits to consumers.
This month, India’s Commerce Minister Piyush Goyal is set to embark on a significant journey to Brussels, focused on revitalizing the free trade agreement discussions with the European Union. After a series of proactive dialogues and deeper collaboration between India and the EU, both parties are hopeful of sealing the deal by December.
Commerce and Industry Minister Piyush Goyal expressed confidence in India’s export growth for 2025-26, despite global uncertainties from US tariffs. He noted positive growth in goods and services exports during April-September, highlighting the resilience and global demand for Indian products. Goyal also discussed the positive impact of GST rate cuts on investor sentiment and consumer […]
India’s Commerce Minister Piyush Goyal stated that trade talks with the US are progressing cordially, with New Delhi prioritizing the protection of its farmers, fishermen, and MSME sectors. Both nations aim to conclude the first phase of a bilateral trade agreement by fall 2025, with a goal to more than double bilateral trade to $500 […]
An international vote to approve a global carbon pricing system for maritime emissions was delayed by a year after the United States threatened sanctions against supporting countries. The London-based International Maritime Organization (IMO) postponed the decision following opposition from the US and some oil-producing nations, citing economic concerns.
India Post to roll out mail, parcel services with 24-hr, 48-hr guarantee-based delivery timelines
5 days ago
India Post is set to introduce guaranteed mail and parcel delivery services with 24-hour and 48-hour timelines, starting in January. This initiative aims to significantly reduce current delivery times for parcels and enhance international postal services. The government is transforming India Post into a profit center by 2029.