Indian-flagged vessels safe for now, all eyes on war escalation

India is watching the US-Iran-Israel conflict closely. Officials are concerned about potential maritime disruptions. Indian ships and seafarers are advised to be cautious in the Strait of Hormuz. There is no immediate threat to Indian vessels. Tensions are high after attacks on Iranian nuclear facilities. Electronic interference is affecting navigation in the Central Arabian Gulf.

Escalating tensions between Iran and Israel pose a threat to India’s energy security, potentially triggering a surge in oil prices and subsequent inflation. Experts caution that oil reaching $100 per barrel could elevate both wholesale and retail inflation. While oil marketing companies might moderate the retail impact, sustained high prices over nine months could significantly […]

India is set to engage in tough negotiations with the US for a Bilateral Trade Agreement, prioritizing its own interests. Discussions will cover both interim and initial phases of the BTA, aiming for completion by September-October. Key challenges include agriculture and dairy sectors, with the US seeking concessions on sensitive items like GM crops.

India is closely monitoring insurance and freight costs due to the West Asia conflict. Iran’s parliament considered closing the Strait of Hormuz. This could impact global oil shipments and raise costs. Exporters fear higher insurance premiums and freight charges. Alternative routes would be expensive. Industries relying on global supply chains may face shortages. Tensions are […]

Amid escalating tensions in West Asia, India is closely monitoring potential impacts on trade, particularly concerning insurance rates and freight costs. Iran’s consideration of closing the Strait of Hormuz, a vital oil transit route, raises concerns about disruptions to India’s crude oil and LNG imports.

India’s coffee exports have surged by 125% in the last 11 years, reaching USD 1.8 billion, driven by Coffee Board of India initiatives. Europe remains the top destination, with key importers including Italy, Germany, and Middle Eastern nations. The board’s support for value addition, shade-grown coffee promotion, and assistance to entrepreneurs are key factors in […]

Piyush Goyal’s remarks, labeling some ASEAN nations as China’s “B team,” have sparked displeasure. During an India-ASEAN meeting in Kuala Lumpur, the Malaysian co-chair strongly criticized Goyal’s comments, particularly concerning the ASEAN-India trade agreement review. Several Southeast Asian officials expressed surprise, noting India’s significant trade with China.

Escalating tensions between Iran and Israel threaten India’s trade with West Asia, impacting exports and potentially disrupting key routes like the Strait of Hormuz. This could inflate oil prices, increase shipping costs, and strain supply chains, particularly affecting agricultural exports and energy security. Broader regional conflict poses significant risks to India’s economic interests and trade […]

India’s preferential certificates of origin for Australia and UAE saw a rise in 2024-25. Commerce ministry data shows increases of 19% and 24.7% respectively. This indicates greater use of free trade agreements by Indian exporters. Total certificates granted reached 7,20,996. Increased awareness and utilization of these agreements are expected to boost India’s global trade position.

Amidst the Iran-Israel conflict, Indian exporters are considering shifting cargo operations. Bandar Abbas port may become unreliable. Chabahar port is being explored as an alternative. Air freight rates have already increased. Further escalation could disrupt trade with Afghanistan, Central Asia, and Russia. The commerce ministry is assessing the situation. Feasibility of shifting to Chabahar is […]