Exports record positive growth in 24 nations in Apr-Sep; reflect market diversification

Indian exports are diversifying. Shipments grew in 24 countries during April-September. This diversification offsets a decline in exports to the US. High tariffs imposed by the US impacted trade with America. Exporters are focusing on new markets in Africa, Latin America, and the Middle East. This trend is expected to continue.

India and the US are holding trade talks in a cordial atmosphere. India is committed to protecting its farmers, fishermen, and MSME sectors. The first phase of the bilateral trade agreement is targeted for fall 2025. Despite global uncertainties, India’s exports are expected to grow. Most e-commerce firms have passed on GST benefits to consumers.

Commerce and Industry Minister Piyush Goyal expressed confidence in India’s export growth for 2025-26, despite global uncertainties from US tariffs. He noted positive growth in goods and services exports during April-September, highlighting the resilience and global demand for Indian products. Goyal also discussed the positive impact of GST rate cuts on investor sentiment and consumer […]

This month, India’s Commerce Minister Piyush Goyal is set to embark on a significant journey to Brussels, focused on revitalizing the free trade agreement discussions with the European Union. After a series of proactive dialogues and deeper collaboration between India and the EU, both parties are hopeful of sealing the deal by December.

India’s Commerce Minister Piyush Goyal stated that trade talks with the US are progressing cordially, with New Delhi prioritizing the protection of its farmers, fishermen, and MSME sectors. Both nations aim to conclude the first phase of a bilateral trade agreement by fall 2025, with a goal to more than double bilateral trade to $500 […]

India’s imports of AI-enabling goods surged by 13.1% to $66.8 billion in FY25, with the US contributing significantly. Processors, controllers, and memories from the US now form over half of India’s AI-related imports, highlighting a growing dependence on American advanced computing hardware for its burgeoning AI ecosystem.

India is actively working to secure its rare earth mineral supply. The nation is negotiating trade agreements with Chile and Peru, while also boosting domestic exploration efforts. Startups are being encouraged to participate in recycling and processing rare earth waste. These measures aim to diversify supply chains and reduce reliance on single sources, ensuring a […]

India navigates a delicate balance, seeking a trade deal with the US while maintaining energy ties with Russia. Prime Minister Modi indicated a potential reduction in Russian oil purchases, signaling a willingness to work with Washington, though emphasizing the need for cost-effective energy supplies for consumers.

India’s Ministry of External Affairs has refuted US President Donald Trump’s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India’s consistent priority to safeguard consumer interests in volatile energy markets.

US tariffs have impacted Indian exports, causing a sharp decline. However, India is actively diversifying its export markets and striking new trade deals. This strategy is showing positive results, with some sectors experiencing growth. While challenges remain, this situation presents an opportunity for India to build a more robust and balanced export portfolio for long-term […]