India is actively working to secure its rare earth mineral supply. The nation is negotiating trade agreements with Chile and Peru, while also boosting domestic exploration efforts. Startups are being encouraged to participate in recycling and processing rare earth waste. These measures aim to diversify supply chains and reduce reliance on single sources, ensuring a […]
India widens hunt for rare earths — eyes Chile, Peru trade deals to ease supply
China top source of imports in H1 FY26; New Delhi’s trade deficit with Beijing hits $54.4 billion
5 days ago
Mainland China led India’s imports in the first half of FY26 with $62.89 billion, followed by the UAE. Despite a trade deficit increase with China, overall goods imports rose, indicating strong domestic demand and manufacturing activity. Electronics, machinery, and silver imports saw significant growth.
India navigates a delicate balance, seeking a trade deal with the US while maintaining energy ties with Russia. Prime Minister Modi indicated a potential reduction in Russian oil purchases, signaling a willingness to work with Washington, though emphasizing the need for cost-effective energy supplies for consumers.
India’s Ministry of External Affairs has refuted US President Donald Trump’s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India’s consistent priority to safeguard consumer interests in volatile energy markets.
US tariffs have impacted Indian exports, causing a sharp decline. However, India is actively diversifying its export markets and striking new trade deals. This strategy is showing positive results, with some sectors experiencing growth. While challenges remain, this situation presents an opportunity for India to build a more robust and balanced export portfolio for long-term […]
India’s latest import regulations see the prohibition of roasted Areca nuts valued below ₹351 per kilogram, a step aimed at stabilizing the market. Notably, this ban does not extend to imports by fully export-oriented firms in SEZs or those operating under the Advance Authorisation framework.
US President Trump claimed India will halt Russian oil buys, but Indian refiners await government clarity. Russia remains India’s top oil supplier, offering significant discounts. Abruptly stopping these imports is near impossible, with deliveries contracted months ahead. Refiners face economic and strategic trade-offs if Russian oil becomes inaccessible.
India and Brazil agreed to expand their existing preferential trade pact with Mercosur to boost economic ties. The two nations aim to conclude negotiations for a full-fledged agreement within one year, targeting a significant increase in bilateral trade to USD 20 billion over five years.
In a strategic move towards economic collaboration, India is seeking a trade agreement with the United States that promises reciprocal advantages. Current negotiations are prioritizing the resolution of tariff discrepancies while enhancing energy trade.
India and China remain significant buyers of Russian fossil fuels. In September, India’s imports of Russian crude oil saw a decline. This comes as the United States urges India to reduce its reliance on Russian energy. China leads as the top importer of Russian crude, LNG, and coal. Turkiye also features prominently in these energy […]