UK to give non-discriminatory treatment to Indian firms in public procurement under FTA

The UK-India free trade agreement marks a significant step as the UK commits to non-discriminatory treatment for Indian companies in its public procurement, adhering to its Social Value regime. In return, India will allow UK firms to participate in non-sensitive sector procurements, excluding state and local government tenders, with considerations for ‘Make in India’ policy […]

The UK government said trade with India will become “quicker, cheaper and easier” under the new Free Trade Agreement (FTA) signed this month. Business Secretary Jonathan Reynolds called it the “best deal India has ever agreed to.” The deal is expected to boost UK exports—such as whisky, machinery, and medical devices—by £25.5 billion annually in […]

India and the US are expected to announce an interim trade agreement before July 8, when Washington’s 26% reciprocal tariffs on Indian goods are set to take effect, an official said. New Delhi seeks a full exemption from these additional tariffs and plans to protect sensitive sectors with quotas or minimum import prices.

Moody’s Ratings indicates India’s strong domestic economy and low export dependence will help it withstand US tariffs and global trade disruptions. Government initiatives and easing inflation are expected to support economic growth, projected to be the highest among G-20 countries. While US tariffs pose uncertainties, India could benefit from capturing market share from other emerging […]

Despite global economic headwinds like trade tensions and policy uncertainty, the Indian economy demonstrates resilience with sustained momentum in industrial and service sectors, according to an RBI report. Encouraging signs include record GST collections, a strong agriculture sector outlook, and declining CPI inflation. India’s stability and strong macroeconomic fundamentals position it as a promising destination […]

Jaguar Land Rover anticipates the UK-India FTA will streamline business operations, enabling a stronger focus on the Indian market. The automaker plans to expand its local assembly, potentially including the Defender model, and double its retail presence in India.

Indian authorities are disputing the rejection of 15 mango consignments by the US, citing procedural lapses by American inspectors who allegedly bypassed protocol by directly reporting issues instead of notifying the irradiation facility in Mumbai. Despite the disruption caused by data recording errors, mango irradiation and exports to the US have normalized, with significant volumes […]

Commerce and Industry Minister Piyush Goyal met with US Commerce Secretary Howard Lutnick in Washington to accelerate negotiations for the initial phase of the India-US Bilateral Trade Agreement. Discussions aim to finalize the first phase by fall, focusing on market access and non-tariff barriers.

A recent Allianz Trade survey reveals a significant shift in exporter sentiment following the implementation of new U.S. tariffs. The survey, conducted across nine countries, indicates that 42% of companies now anticipate a decline in export revenues, a stark contrast to the pre-tariff optimism.

India’s mango exports to the US are growing rapidly, reaching $10.01 million in FY24, up 130% from the previous year. A key irradiation facility in Mumbai, which processes the highest volume of mangoes for the US market, faced a brief disruption due to a data recording error in early May 2025. This led to the […]