Govt’s ban will cut India’s import from Pakistan to zero from $0.5 million: GTRI’s Ajay Srivastava

India has banned all direct and indirect imports from Pakistan, effectively halting bilateral trade, following a recent terror attack. This move, though largely symbolic due to existing high tariffs, will reduce India’s already minimal imports from Pakistan to zero. While India’s economy will be negligibly affected, Pakistan relies on Indian goods, potentially leading to increased […]

India and the UK are set to include an Investor-State Dispute Settlement (ISDS) mechanism in their upcoming investment treaty, sources told Reuters. This provision allows companies to sue either government if policy changes are seen to harm their investments or profits.

India is seeking to increase fertiliser imports from the US to reduce reliance on countries like China and address the trade imbalance with Washington. While overall fertiliser imports decreased in 2024-25, shipments from Russia and China saw significant declines. The US has raised concerns about the growing trade deficit with India, leading to ongoing negotiations […]

India’s total exports reached a record $824.9 billion in FY25, driven by a surge in services exports, according to the commerce and industry ministry. Services exports hit a historic high of $387.5 billion, marking a 13.6% increase from the previous fiscal year. Despite global challenges, merchandise exports excluding petroleum also saw a record increase.

The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.

India’s exports reached a record USD 824.9 billion in 2024-25, propelled by a surge in services exports to USD 387.5 billion. This represents a 6.01% growth over the previous year, with key sectors like telecommunications and financial services contributing significantly. However, concerns remain about order inflows from the US and Europe, prompting calls for government […]

India, the world’s leading sugar producer, is projected to export up to 8 lakh tonnes of sugar in the 2024-25 season, falling short of the 10 lakh tonne quota. As of now, 3 lakh tonnes have been shipped, with another 60,000 tonnes at ports.

Commerce Minister Piyush Goyal may revisit London to finalize the India-UK Free Trade Agreement, aiming to resolve remaining issues. Negotiations are progressing rapidly, with many issues already addressed during high-level ministerial visits. The FTA, encompassing goods, services, and investments, is nearing completion, pending resolution of concerns like carbon border adjustments and service sector access.

The US, UK, and Canada have raised concerns at the WTO regarding India’s Make in India initiative and various subsidy programs. Questions were specifically directed towards the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), fisheries subsidies, and agricultural support. India has addressed some queries and promised further information on fish-related subsidies […]

India urges WTO members to promptly address pending ministerial mandates. Delaying decisions on public stockholding and special safeguard mechanisms could worsen global hunger. India highlights the need for fair agricultural support. Current rules favor developed nations. Developing countries struggle to provide minimal support. The 14th Ministerial Conference will be held in Cameroon in 2026.