Shipping industry seeks security escort for vessels in Strait of Hormuz amid rising tensions

India has secured the best trade deal with the United States among its competitors. Commerce and Industry Minister Piyush Goyal highlighted the strong relationship between the two nations. He emphasized that the US economy is the world’s largest and cannot be overlooked. India is actively building a global network of trade partnerships.

India has secured the best trade deal with the United States. Minister Piyush Goyal stated this at the Raisina Dialogue 2026. He highlighted the strong relationship between the two nations. The deal provides India preferential access over competitors. This partnership extends beyond trade to critical minerals and defense. The agreement framework has been finalized.

India’s agricultural exports to West Asia are under serious threat due to escalating regional conflicts. The turmoil is thwarting shipping routes and skyrocketing insurance costs, putting a staggering $11.8 billion in food products on the line. Key exports, including rice, bananas, and spices, are especially at risk, creating a climate of anxiety for Indian farmers […]

Exporters receive significant relief from the government. Authorisations under Advance and Export Promotion Capital Goods schemes are automatically extended. This applies to authorisations expiring between March 1 and May 31, 2026. The extension is granted without any composition fee. This move supports exporters facing international shipping challenges. It ensures India’s export performance remains strong.

India’s farm exports to West Asia, a key market, are at risk. Ongoing conflict threatens shipping routes and raises costs. Products like rice, bananas and meat face significant exposure. This could impact farmers and exporters across India. Diversifying markets is now crucial for India’s agricultural sector.