India–New Zealand Trade Pact: India and New Zealand are on the verge of a free trade agreement, with negotiations resuming after a decade-long hiatus. The agreement aims to enhance trade and investment, with New Zealand seeking greater market access for dairy and fruit, while India is prioritising the movement of skilled professionals and IT services.
10-year hiatus to handshake: India-New Zealand trade pact nears finish line
India-Oman CEPA to boost trade, MSME exports, energy security: Bank of Baroda economist
3 months ago
India has signed a Comprehensive Economic Partnership Agreement (CEPA) with Oman to boost bilateral trade, support MSME-led exports and strengthen energy security. The pact, signed during Prime Minister Narendra Modi’s visit, offers zero-duty access on over 98 per cent of Oman’s tariff lines for Indian goods and improves market access for labour-intensive sectors such as […]
Indian exports to the US saw a strong rebound in November. This recovery followed two months of decline. Supply chain adjustments and businesses restocking for the US holiday season drove the growth. Despite a significant 50 per cent tariff, key sectors like electronics and machinery showed improvement. This indicates exporters are adapting to new trade […]
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Need more free trade pacts to compete with Bangladesh, others in textile exports: Vice President
3 months ago
Vice President C P Radhakrishnan emphasized India’s need for more free trade agreements to compete globally in textiles and apparel. He highlighted competitors like Bangladesh and urged the industry to explore new markets and adopt sustainable practices. India aims for USD 350 billion in textile market size by 2030.
In its final parliament session of the year, Prime Minister Narendra Modi’s government pushed through major economic reforms aimed at boosting growth amid trade challenges. Parliament approved bills allowing private investment in nuclear energy, full foreign ownership of insurance firms, and a unified securities market code.
India’s defence shipbuilding sector stands at multi-decade transformation threshold: Report
3 months ago
India’s defence shipbuilding sector is entering a period of strong growth. Increased naval capital expenditure and government policy are driving this expansion. Projects worth over Rs 2.3 trillion are underway or approved. This includes destroyers, frigates, submarines, and aircraft carriers. India aims to become a top global shipbuilding nation by 2047.
Commerce Minister Piyush Goyal will visit Brussels next month for crucial trade talks. Negotiations for a proposed trade pact with the European Union are in their final stages. Both sides are working to bridge differences and conclude a comprehensive agreement soon. This pact aims to boost bilateral trade and cover 23 policy areas.
India and Oman are set to implement a free trade agreement in the next three months. This pact allows Indian firms to employ 100% Indian staff for their investments in Oman. Oman offers zero-duty access on over 98% of its tariff lines for Indian exports. Indian businesses can invest in sectors like steel, energy, education, […]
Russia’s Sberbank allowed to import gold into India
3 months ago
India has authorized Russia’s Sberbank to import gold into the country. This inclusion is effective from June 25, 2025, until March 31, 2026. Sberbank joins Indian Overseas Bank and Union Bank of India on the list of gold importers for Fiscal Year 2026.