Govt’s ban will cut India’s import from Pakistan to zero from $0.5 million: GTRI’s Ajay Srivastava

India has banned all direct and indirect imports from Pakistan, effectively halting bilateral trade, following a recent terror attack. This move, though largely symbolic due to existing high tariffs, will reduce India’s already minimal imports from Pakistan to zero. While India’s economy will be negligibly affected, Pakistan relies on Indian goods, potentially leading to increased […]

India and the US are actively negotiating a bilateral trade agreement, with recent consultations involving domestic industries to gather suggestions for mutually beneficial trade enhancements. Both nations aim for an interim trade arrangement in goods by fall, focusing on tariff and non-tariff matters. The US remains India’s largest trading partner, though a widening trade surplus […]

The Commerce Ministry is urging Indian exporters to adhere strictly to US ‘rules of origin’ to prevent transhipment, which could lead to higher duties. The ministry is working to clarify value addition norms for exporters.

India and the UK are set to include an Investor-State Dispute Settlement (ISDS) mechanism in their upcoming investment treaty, sources told Reuters. This provision allows companies to sue either government if policy changes are seen to harm their investments or profits.

​​Panagariya said the US-China economic conflict, especially in trade, is here to stay, indicating gains for India. If Washington imposes higher trade curbs on Vietnam and Cambodia to prevent China from potentially using these countries to supply its goods to the US, India’s trade prospects will brighten further, he indicated.

India is seeking to increase fertiliser imports from the US to reduce reliance on countries like China and address the trade imbalance with Washington. While overall fertiliser imports decreased in 2024-25, shipments from Russia and China saw significant declines. The US has raised concerns about the growing trade deficit with India, leading to ongoing negotiations […]

India’s total exports reached a record $824.9 billion in FY25, driven by a surge in services exports, according to the commerce and industry ministry. Services exports hit a historic high of $387.5 billion, marking a 13.6% increase from the previous fiscal year. Despite global challenges, merchandise exports excluding petroleum also saw a record increase.

The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.

India’s exports reached a record USD 824.9 billion in 2024-25, propelled by a surge in services exports to USD 387.5 billion. This represents a 6.01% growth over the previous year, with key sectors like telecommunications and financial services contributing significantly. However, concerns remain about order inflows from the US and Europe, prompting calls for government […]

India, the world’s leading sugar producer, is projected to export up to 8 lakh tonnes of sugar in the 2024-25 season, falling short of the 10 lakh tonne quota. As of now, 3 lakh tonnes have been shipped, with another 60,000 tonnes at ports.