India-Russia ties continue to grow across trade, defence and cultural sectors: MEA

New Delhi and Moscow’s relationship is steadily growing. The Ministry of External Affairs confirmed ongoing cooperation across trade, defence, and cultural exchanges. These vital aspects of the bilateral ties continue to expand. MEA spokesperson Randhir Jaiswal highlighted the consistent engagement and growth in multiple areas of the relationship between India and Russia.

NITI Aayog suggests strategic tech-services trade missions to Japan, the Middle East, and Germany. A unified India Tech-Services brand will promote Indian AI players. A market access cell will assist specialist firms. These steps aim to secure India’s global technology leadership and achieve $750–850 billion in annual revenue by 2035, focusing on emerging AI technologies.

India’s trade surplus with the United States is projected to exceed 90 billion US dollars annually. This surge is driven by a significant rise in Indian exports to the US, potentially crossing 100 billion US dollars. Simultaneously, imports from the US are also expected to increase.

India anticipates finalizing an interim trade deal with the US by the end of March. Commerce Secretary Rajesh Agrawal confirmed the broad outlines are agreed upon. The pact aims to benefit India’s labor-intensive sectors. This agreement is expected to boost Indian exports. Teams are actively working to convert the understanding into a legal document.

India has opened its insurance sector to 100% foreign ownership. This move aims to boost insurance coverage and attract global investment. Foreign investors can now own domestic insurance companies through the automatic route. This policy change aligns with recent amendments to insurance laws.

US President Donald Trump hailed a new India-US trade deal as historic, anticipating a significant boost in American energy exports, particularly coal. The interim agreement reduces US tariffs on Indian goods and India lowers duties on American industrial, energy, and food products, paving the way for a broader pact.

Commerce Minister Piyush Goyal has called on Indian exporters to fully utilize new Free Trade Agreements with developed nations. These pacts aim to boost exports of goods and services by providing preferential market access. Exporters are encouraged to enhance quality and competitiveness. The agreements are expected to benefit farmers, artisans, and MSMEs, while protecting key […]

Britain has secured a free trade agreement with India, a rapidly growing economy. This deal positions the UK ahead of the European Union, which reportedly used Britain’s agreement as a benchmark. The pact is expected to boost UK GDP and trade significantly. India will reduce tariffs on a large percentage of UK exports, offering immediate […]

India and Hungary held their 11th round of Foreign Office Consultations, reviewing bilateral ties across political, economic, and technological sectors. Discussions also covered regional and global issues, including Europe and the Indo-Pacific. This meeting reinforces the close and friendly relations between the two nations.

US-India trade agreement: The United States has updated its trade deal fact sheet with India, removing “pulses” from the list of agricultural products eligible for tariff reductions. India now intends to purchase over $500 billion in energy, technology, and other goods from the U.S. as part of the revised agreement, the White House said.