India faces a challenging trade situation following the US imposing steep tariffs on its goods, according to GTRI. The nation is weighing options like negotiation, retaliation, diversifying export markets, or offering trade concessions such as ending Russian oil imports.
India facing tough choices in responding to steep US tariffs: GTRI
India and ASEAN will continue free trade agreement review talks in Jakarta in October 2025, aiming to enhance the AITIGA’s effectiveness. Bilateral trade reached USD 123 billion in 2024-25, highlighting strong economic ties. Separately, India and Singapore discussed trade and investment, focusing on priority sectors and supply chains, with Singapore being India’s largest ASEAN trading […]
Next round of India-ASEAN goods pact review in October
10 months ago
India and ASEAN will hold the next AITIGA review talks in Jakarta this October, following discussions in New Delhi focused on enhancing the agreement’s effectiveness. Bilateral trade reached $123 billion in FY25, highlighting strong economic ties. India and Singapore also reviewed semiconductor collaboration and explored partnerships in trade digitalization and skills development, with Singapore being […]
July goods exports up 7.2%; trade gap hits 8-month high
10 months ago
India’s goods exports saw a 7.2% increase in July, reaching $37.24 billion after two months of decline. However, a surge in imports, driven by oil and gold, led to a significant trade deficit of $27.35 billion, the highest in eight months.
Trade talks with US going on: Commerce Secretary
10 months ago
India and the US are actively pursuing a bilateral trade agreement. The next round of talks depends on the US-Russia meeting. A 25% tariff on Indian goods is in effect. India will discuss rupee trade with Russia. Trade with China is growing. India is expediting FTAs with the EU and Latin America.
India Exim Bank projects a 4.5% rise in total merchandise exports, reaching USD 108.1 billion, for July-September FY26. Non-oil exports are expected to grow by 5.2% to USD 92.1 billion. This growth is attributed to a base effect, strong manufacturing, favorable trade negotiations, and expansionary monetary policy, though risks remain from global trade uncertainties and […]
India’s exports to the US surged by 19.94% to USD 8.01 billion in July, with imports also increasing by 13.78%. During April-July, exports to the US rose by 21.64% to USD 33.53 billion. The US emerged as India’s largest trading partner in April-July 2025-26.
Finance ministry’s expenditure finance committee to take up ₹2,250-cr export promotion mission
10 months ago
The Finance Ministry will soon consider a proposal from the Commerce Ministry. The proposal involves setting up a ₹2,250 crore export promotion mission. This mission aims to boost exports. It will likely include credit schemes for MSMEs and e-commerce exporters. Overseas warehousing and global branding are also planned. This initiative is crucial due to US […]
Indian trade negotiators are set to convene later this month to strategize for the upcoming WTO ministerial conference and prepare for the country’s trade policy review next year. The focus will be on WTO reform, particularly restoring the dispute settlement mechanism and consensus-based decision-making. India also aims to address trade distortions caused by non-market economies […]
India is now negotiating free trade agreements with other nations on an equal footing, reflecting the country’s strengthened position under Prime Minister Modi. Minister Prasada highlighted India’s firm stance during FTA negotiations, emphasizing the nation’s rapid economic growth. The inauguration of the expanded Intellectual Property Office in Dwarka signifies India’s commitment to innovation and intellectual […]