FTA fuel and China caution: Piyush Goyal eyes $870 bn export ambition for India

Commerce and Industry Minister Piyush Goyal anticipates record exports for India, driven by FTAs and investments, projecting over $870 billion despite global challenges. The government is reviewing existing trade agreements, particularly with ASEAN and Japan, while cautiously approaching trade relations with China. Focus remains on value-added exports and strengthening domestic industries through initiatives like Make […]

Despite heightened tensions and border closures, trade between Pakistan and India persisted in May, primarily through indirect channels. Imports from India reached a three-year high during July-May FY25, totaling USD 211.5 million, while exports from Pakistan remained minimal. Although formal trade suffered, unofficial trade, estimated at USD 10 billion annually, continues via third countries due […]

India and the Maldives have engaged in discussions to strengthen economic cooperation and trade, as highlighted during a meeting between officials in Male. Both nations are exploring new avenues for collaboration, with India emphasizing its role as a key development partner through infrastructure projects and financial support.

GTRI cautions that allowing US GM farm products under a trade pact could harm India’s agri exports to the EU due to strict GM labeling and consumer resistance. Cross-contamination risks from India’s weak agri-logistics could lead to shipment rejections and damage India’s GMO-free image. Currently, India only allows Bt cotton cultivation and imports of GM […]

President Trump announced that the US is likely to begin notifying trading partners on Friday about new tariffs on their exports, set to take effect on August 1. He reiterated his preference for simple agreements over complex negotiations, ahead of his initial July 9 deadline for countries to reach deals with the US.

India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.

Commerce and Industry Minister Piyush Goyal affirmed that India will prioritize mutually beneficial trade agreements, avoiding rushed deals under external deadlines. Negotiations with the US are ongoing, with India emphasizing that any agreement must align with its national interests. Discussions continue with various nations, including the EU, New Zealand, and others, while seeking a full […]

India and EFTA trade agreement may start soon. Piyush Goyal says it could happen in a couple of months. The agreement involves 100 billion USD investment in India. India issued many quality control orders in the last 10 years. This is to stop import of bad products. Goyal wants more testing labs and better product […]

India has proposed retaliatory tariffs against the United States. This action is under World Trade Organisation norms. It responds to American tariffs on the automobile sector. The US tariffs impact $2.895 billion of Indian imports. India seeks consultations with the US after Washington increased tariffs. This is the second time India has proposed retaliatory tariffs […]

Moody’s Ratings suggests India stands to gain from lower US tariffs compared to other Asia-Pacific nations, potentially boosting investment and its manufacturing hub ambitions. FTAs with the UK and EU could further aid this progress. However, US reshoring initiatives might limit India’s gains, despite recent reciprocal tariffs imposed by the US on Indian goods.