India’s trade reliance on the US grew slightly. Global trade remains strong, driven by developing nations, even with US policy changes. Electronics and electric vehicles are boosting trade. While global trade is projected to hit new records, ongoing geopolitical tensions and US policy uncertainty pose risks to the outlook.
India’s trade dependence on the US up 0.6% in last 12 months: UNCTAD
Prime Minister Narendra Modi announced that India and the UK are set to exceed their $112 billion bilateral trade target before 2030. Speaking at the India-UK CEO Forum, Modi highlighted the newly signed trade pact as a vision for shared progress and prosperity, reflecting growing economic convergence between the two nations.
Britain welcomes 64 Indian investment projects totaling 1.3 billion pounds. These deals, announced during PM Keir Starmer’s Mumbai visit, will create 6,900 new jobs across the UK. Investments span electric vehicles, semiconductors, agri-tech, and AI. The UK-India trade deal is already boosting investor confidence and unlocking growth. This collaboration marks a new era for bilateral […]
India will not compromise national interests amidst global volatility, prioritizing food security through self-reliance, Agriculture Minister Shivraj Singh Chouhan stated. He emphasized strengthening the crucial agriculture sector, aiming for self-sufficiency in pulses and edible oils, while leveraging genome editing for better seeds and promoting mechanization for a developed India.
China demands assurances from India regarding heavy rare earth magnets. These critical components will only be shipped if India guarantees they will not be sent to the US. Indian firms have provided end-user certificates. China controls a vast majority of global production and seeks leverage in trade talks. This situation impacts India’s electric vehicle and […]
British Prime Minister Keir Starmer arrived in Mumbai to accelerate the trade deal with India. He emphasized the significant opportunities the agreement presents for both nations. Starmer is leading a large delegation of UK business leaders to explore these prospects. The deal aims to boost growth and strengthen economic ties.
A group of US lawmakers wrote to President Donald Trump urging him to repair ties with India after recent tariff hikes strained relations. They warned the measures hurt both economies and risk pushing India closer to China and Russia, calling for renewed dialogue and policy review.
SEZ units seek QCO relief, local sale flexibility
5 months ago
Special Economic Zone developers and units are seeking exemptions from quality control orders, minimum import price, and port restrictions to facilitate imports. They also requested policy amendments for Free Trade Warehousing Zones to import new vehicles and greater flexibility for domestic sales and reverse job work to utilize unutilized capacities.
The government has exempted specific steel imports, including square tins for ghee, edible oils, structural steel tubes, and stainless steel utensils, from quality control orders. This exemption applies to products shipped by October 31st, offering relief to industry users who depend on these imports.
British Prime Minister Keir Starmer is in India to promote Scotch whisky sales. A new trade deal is expected to significantly boost exports. This agreement will lower import tariffs on Scottish products. The deal aims to increase trade and create jobs in the UK. It is seen as a major opportunity for Scotland’s economy and […]