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 to register positive growth in exports this fiscal: Piyush Goyal
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.
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 […]
India’s imports of AI-enabling goods surged by 13.1% to $66.8 billion in FY25, with the US contributing significantly. Processors, controllers, and memories from the US now form over half of India’s AI-related imports, highlighting a growing dependence on American advanced computing hardware for its burgeoning AI ecosystem.
Assocham to propose measures to cut imports
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ASSOCHAM plans to propose cross-sectoral measures to the Centre aimed at reducing India’s import dependence, specifying potential import reduction quantum for implemented interventions. These long-term strategies will focus on policy changes and incentives, with a study to identify single-country import dependencies. The industry is also exploring alternative technologies to counter disruptions like China’s rare earth […]
India is actively working to secure its rare earth mineral supply. The nation is negotiating trade agreements with Chile and Peru, while also boosting domestic exploration efforts. Startups are being encouraged to participate in recycling and processing rare earth waste. These measures aim to diversify supply chains and reduce reliance on single sources, ensuring a […]
China top source of imports in H1 FY26; New Delhi’s trade deficit with Beijing hits $54.4 billion
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Mainland China led India’s imports in the first half of FY26 with $62.89 billion, followed by the UAE. Despite a trade deficit increase with China, overall goods imports rose, indicating strong domestic demand and manufacturing activity. Electronics, machinery, and silver imports saw significant growth.
India navigates a delicate balance, seeking a trade deal with the US while maintaining energy ties with Russia. Prime Minister Modi indicated a potential reduction in Russian oil purchases, signaling a willingness to work with Washington, though emphasizing the need for cost-effective energy supplies for consumers.
India’s Ministry of External Affairs has refuted US President Donald Trump’s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India’s consistent priority to safeguard consumer interests in volatile energy markets.
US tariffs have impacted Indian exports, causing a sharp decline. However, India is actively diversifying its export markets and striking new trade deals. This strategy is showing positive results, with some sectors experiencing growth. While challenges remain, this situation presents an opportunity for India to build a more robust and balanced export portfolio for long-term […]