Trade tensions, policy uncertainty still hurting global growth, but India shows resilience: RBI

Despite global economic headwinds like trade tensions and policy uncertainty, the Indian economy demonstrates resilience with sustained momentum in industrial and service sectors, according to an RBI report. Encouraging signs include record GST collections, a strong agriculture sector outlook, and declining CPI inflation. India’s stability and strong macroeconomic fundamentals position it as a promising destination […]

Jaguar Land Rover anticipates the UK-India FTA will streamline business operations, enabling a stronger focus on the Indian market. The automaker plans to expand its local assembly, potentially including the Defender model, and double its retail presence in India.

Indian authorities are disputing the rejection of 15 mango consignments by the US, citing procedural lapses by American inspectors who allegedly bypassed protocol by directly reporting issues instead of notifying the irradiation facility in Mumbai. Despite the disruption caused by data recording errors, mango irradiation and exports to the US have normalized, with significant volumes […]

Commerce and Industry Minister Piyush Goyal met with US Commerce Secretary Howard Lutnick in Washington to accelerate negotiations for the initial phase of the India-US Bilateral Trade Agreement. Discussions aim to finalize the first phase by fall, focusing on market access and non-tariff barriers.

A recent Allianz Trade survey reveals a significant shift in exporter sentiment following the implementation of new U.S. tariffs. The survey, conducted across nine countries, indicates that 42% of companies now anticipate a decline in export revenues, a stark contrast to the pre-tariff optimism.

India’s mango exports to the US are growing rapidly, reaching $10.01 million in FY24, up 130% from the previous year. A key irradiation facility in Mumbai, which processes the highest volume of mangoes for the US market, faced a brief disruption due to a data recording error in early May 2025. This led to the […]

The government is set to tighten import regulations on small consumer appliances and electronic lifestyle items, primarily from China, by enforcing stricter product safety standards. A recent order mandates BIS certification for a range of electrical goods, including recliners, beauty products, and kitchen appliances, effective March 2026.

India’s GeM is set to introduce global tendering features this year, spurred by the FTA with the UK, which allows UK suppliers to bid for Indian tenders as Class II local suppliers. This move aims to tap into the UK market and facilitate transactions worth Rs 7 lakh crore in 2025-26.

India and the US are in talks for a trade agreement. The deal may happen in three stages. An initial agreement is expected before July. It will cover industrial goods and farm products. Piyush Goyal is in Washington for discussions. A broader deal is planned around September. The final agreement needs US Congress approval. Negotiations […]

India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over ₹1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry anticipates reduced backdoor entry of Chinese fabrics. Supply chains will likely experience short-term disruptions.