India first to seal trade pact terms with Trump 2.0 as talks set to begin

India and the US have finalized terms for a Bilateral Trade Agreement, marking the Trump administration’s first such framework. The US aims to address trade imbalances and open markets for American goods, focusing on tariff and non-tariff barriers. Both nations seek enhanced economic ties, covering goods, digital trade, and intellectual property rights, with negotiations set […]

Palm oil demand is anticipated to rise from major buyers like China and India due to its competitive pricing compared to rival vegetable oils. While Malaysian palm oil prices have decreased this year, they are expected to remain supported. China aims to replenish inventories, while India seeks to capitalize on lower prices to rebuild its […]

U.S. Vice President JD Vance urged India to reduce non-tariff barriers to facilitate a comprehensive trade agreement, emphasizing deepened economic and strategic cooperation. Vance highlighted the U.S. interest in expanding energy exports, assisting in offshore gas exploration, and enhancing defense collaboration with India. Both nations share strategic concerns in the Indo-Pacific region.

India’s oil imports saw a shift in fiscal year 2024-25, with OPEC’s share hitting a record low as Russian oil imports surged. Refiners favored discounted Russian crude, making Russia the top supplier for the third consecutive year. Consequently, imports from Saudi Arabia and Iraq declined significantly due to pricing and geopolitical factors.

Prime Minister Narendra Modi’s visit to Saudi Arabia marks a significant milestone as the first Indian prime minister in four decades to visit Jeddah. The visit, at the invitation of Crown Prince Mohammed bin Salman, aims to strengthen the India-Saudi partnership through the Strategic Partnership Council.

India and the United States have finalised a roadmap to begin negotiations on a Bilateral Trade Agreement (BTA), following meetings between Prime Minister Narendra Modi and US Vice President JD Vance. The move comes as Washington enforces new tariffs under President Trump’s trade agenda, including a 26% rate on Indian imports. With key sectors exempt […]

Think tank GTRI advises India to maintain strategic autonomy while engaging with both China and the US, prioritizing economic interests and global trade principles. This comes amid China’s warning of retaliation against nations aligning with US trade efforts. India’s trade deficit with China widened to USD 99.2 billion in 2024-25, even as the US remains […]

India is actively pursuing a bilateral trade agreement with the US, aiming to finalize the first phase by fall. Finance Minister Sitharaman emphasized the government’s commitment during her US visit, highlighting discussions with the US administration and the Prime Minister’s engagement. India is also focusing on becoming a developed nation by 2047, prioritizing key sectors […]

India’s leather, non-leather footwear, and product exports surged by approximately 25% to $5.7 billion in 2024-25, according to the Council for Leather Exports (CLE). Driven by healthy demand in developed and developing nations, shipments are projected to exceed $6.5 billion in the current fiscal year.

India has a significant opportunity to export rapeseed meal to China, potentially worth Rs 1000 crore, due to the ongoing trade tensions between China and Canada. China’s retaliatory tariffs on Canadian rapeseed meal, coupled with EU shortages, have created a favorable environment for Indian exports.