High-value parts push up electronics firms’ import bill

Industry executives attributed the rebound to greater imports of high-value parts and a weaker rupee, even as the government’s Make in India campaign has so far failed to reduce imports by value for most of the companies since 2018-19, the filings revealed. The sole exception was in FY24 with a 6% decline in the consolidated […]

Senior American officials are visiting India to strengthen political and trade partnerships. Discussions will cover regional security and economic cooperation. A key focus will be innovation in US-India research. Trade talks for a bilateral agreement will also commence. Both sides aim to finalize the first part of the trade pact by year-end.

The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU’s Directorate-General for Trade Sabine Weyand, is here to iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks.

Every CEO I speak to believes AI is transformative. The debate is not whether it will reshape industries but how dramaticallyDavid Bach President, IMD

The Indian rupee is under pressure and could soon slip below the 90 threshold against the dollar. This forecast stems from a burgeoning trade deficit and lukewarm investment climate. The urgency for a trade pact with the US is more pronounced than ever.

India and the United States are set to begin three-day trade talks in New Delhi on December 10 to finalise the first phase of their proposed bilateral trade agreement. The discussions, led by US Deputy Trade Representative Rick Switzer, are crucial for addressing reciprocal tariffs and boosting bilateral trade, which aims to reach $500 billion […]

Russia has ramped up its fertilizer exports to India, now commanding a staggering 26% of the subcontinent’s fertilizer imports. This surge contributes significantly to an economic alliance, with Russian fertilizers increasingly finding their place in BRICS nations. S

Indian companies can fill the void left by Western firms exiting Russia. Roscongress Foundation CEO Alexander Stuglev expressed optimism about this potential. India and Russia aim to boost bilateral trade to USD 100 billion by 2030. Sectors like pharmaceuticals, IT, and energy offer significant growth opportunities. Russian e-commerce platforms are being showcased to aid Indian […]

Sberbank, which processes the largest share of India-Russia trade payments, is also looking at channelling rupee surplus of its investors into government securities, said Herman Gref, CEO and chairman of the executive board. The bank is also considering the export of gold to India, having secured a licence to do so. It’s also examining entry […]

Indian pharmaceutical exports are set to reach a new high of $32 billion this fiscal year. This growth is driven by formulations, especially in Europe, Africa, and Latin America. Despite challenges in the US market and global quality checks, the industry shows resilience. Steady demand and normalizing supply chains support this positive outlook.