India, UK to sign free trade deal during PM Modi’s visit, cut tariffs on whisky, garments

India and Britain are set to sign a free trade agreement. This agreement aims to reduce tariffs on goods like whisky and cars. The UK will offer duty-free access to Indian textiles and electric vehicles. This pact is expected to significantly increase trade between the two nations. The agreement awaits approval from both the British […]

India and the US are currently engaged in negotiations for a Bilateral Trade Agreement (BTA), with five rounds of talks already completed as of July 2024. The negotiations, which began in March 2023, aim to foster deeper economic integration and trade liberalization. India’s FTA with the UK is comprehensive and seeks to enhance transparency and […]

Tariff changes by the United States are reshaping its import sources. India is gaining ground in the American market, especially in electronics and textiles. China’s share is declining across various sectors. Vietnam and Indonesia are also benefiting in agriculture. While India’s pharma sector remains strong, steel and chemicals face challenges due to high duties.

Commerce and Industry Minister Piyush Goyal will join Prime Minister Narendra Modi in London for the signing of the free trade agreement between India and the UK on July 24. The agreement, finalized on May 6, aims to eliminate tariffs on key exports and imports, with the goal of doubling trade to USD 120 billion […]

Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt has said that the India-UK Free Trade Agreement is projected to increase bilateral trade between the two countries by £25.5 billion every year.

The US team is set to visit India in August for further negotiations on the proposed bilateral trade agreement, following discussions in Washington. Both nations aim to finalize an interim trade deal before August 1, the deadline for suspended Trump tariffs. Key issues under discussion include agriculture, automobiles, and non-market economy practices.

To boost outbound shipments, 28 states and UTs have formulated export strategies, complemented by State and District Export Promotion Committees across all regions. Draft district action plans are prepared for 590 districts, with 249 formally notified, aiming to promote exports and address bottlenecks. This initiative aligns with the ‘Districts As Export Hubs’ policy, fostering domestic […]

India’s bank loan growth dropped to 9.4% as of June 27, its lowest since March 2022, while deposit growth rose to 10%, outpacing credit demand. Despite rate cuts and easing liquidity, credit growth slowed due to weak investment demand. Economists suggest structural reforms in tariffs, trade, FDI, and ease of business are needed to revive […]

India’s automobile exports surged 22% year-on-year in the April-June quarter, fueled by record passenger vehicle shipments and strong growth in two-wheelers and commercial vehicles. Passenger vehicle exports hit an all-time high, driven by demand in the Middle East, Latin America, and reviving neighboring markets. Maruti Suzuki led the PV export growth, while Hyundai Motor India […]

India’s electronics exports surged by 47% to $12.41 billion in April-June 2025-26, with the US, UAE, and China as top destinations, signaling India’s rise as a global manufacturing hub. Ready-made garment exports also increased, driven by strong demand from the US, while marine exports saw a significant boost, again with the US as the primary […]