India’s services exports are providing a crucial buffer against merchandise trade volatility, growing by 9.7% year-on-year to reach $237.6 billion in April-October FY26. This robust performance has generated a net services surplus of $118.7 billion, helping to offset the overall trade deficit. Total exports saw a 4.8% YoY growth during the period.
India’s services exports boom offsets turbulence in goods trade: FinMin report
Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exporters
4 months ago
The government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalisation Scheme. This initiative, part of a Rs 25,060 crore Export Promotion Mission, aims to make Indian export credit more competitive globally. The annual benefit for each exporter will be capped at Rs 50 […]
India’s auto and pharma sectors are concerned as Mexico plans to more than double tariffs on countries that is doesn’t have FTAs. This move could significantly impact India’s $887 million auto exports to Mexico, its third-largest destination, and also affect pharmaceutical companies preparing to expand their presence.
India and Russia are set to boost cross-border payments. Negotiations are underway to recognize each other’s payment systems, MIR and RuPay. Instant payment systems SBP and UPI may also integrate. This move aims to ease travel and business transactions for both nations. Discussions will feature at the upcoming annual summit. Increased settlements in national currencies […]
India has requested Russia to speed up the listing of its establishments and registration of marine and pharma products. This move aims to significantly increase bilateral trade between the two nations. Both countries are working towards a target of $100 billion in trade by 2030. Discussions also covered cooperation in various sectors and exploring payment […]
India and Nepal have signed a deal for direct rail cargo connectivity via the Jogbani-Biratnagar link. This agreement facilitates the movement of containerized and bulk cargo from Indian ports to Nepal, enhancing trade routes and strengthening economic ties. The pact, exchanged during a bilateral meeting, is set to boost multi-modal trade and consolidate commercial linkages […]
Indian business leaders view Saudi Arabia as a reliable investment destination, with 85% finding it attractive for trade and investment amidst global uncertainties. A significant 78% plan to increase investments in the next six months, driven by Saudi’s growing economy, stability, and business-friendly policies.
India has taken a bold stance against unfair trade practices by imposing an anti-dumping duty on steel imports from Vietnam, specifically targeting hot-rolled flat steel products for the next five years. This decisive action aims to block the rerouting of Chinese steel into Indian markets.
Canada and India are actively rebuilding trade relations and exploring new cooperation avenues. Canadian Trade Minister Maninder Sidhu met with Indian Commerce Minister Piyush Goyal to discuss sectors like critical minerals, clean energy, agriculture, and artificial intelligence. This engagement marks a significant step towards restarting trade negotiations after a period of strained ties.
A new government initiative aims to boost the export of goods crafted by tribal communities. This plan will harness the power of e-commerce and set up international warehouses where these unique products can be displayed and sold to a global audience.