India fertiliser imports on track to hit all-time high of $18 billion this fiscal year

India’s fertilizer imports are set for a record surge this fiscal year. Officials predict a 76% jump to $18 billion. This increase is fueled by farmers expanding crop areas after heavy rains. Consumption of key fertilizers like urea and DAP is rising significantly. This trend reflects ample monsoon rainfall encouraging winter crop planting across the […]

India and the European Union are on the cusp of a groundbreaking trade agreement, with Spanish Foreign Minister Jose Manuel Albares forecasting its finalization within days. With European Commission President Ursula von der Leyen’s upcoming visit to India next week, the stage is set for crucial negotiations.

India plans to significantly boost textile exports to $100 billion by 2030. The strategy involves increasing shipments to Free Trade Agreement partners and focusing on premium products like handlooms and silk. New districts will be developed to join the export ecosystem. This initiative aims to expand India’s global market share in textiles.

India’s customs duty structure needs simplification. The Global Trade Research Initiative suggests reducing the actual number of duty slabs, not just basic customs duty rates. This reform aims to boost ease of doing business. Current complexities hinder manufacturing and exports. Simplifying tariffs and processes is crucial for economic growth and competitiveness.

The European Union is on the brink of a landmark trade agreement with India, potentially linking a consumer base of two billion individuals. In a bid to strengthen these negotiations, European Commission President Ursula von der Leyen is scheduled to visit India shortly. This strategic move reflects the EU’s goal of broadening its global trade […]

In a move that could redefine trade relationships, India and the European Union are finalising a groundbreaking free trade agreement. EU dignitaries Ursula von der Leyen and Charles Michel are set to be the esteemed Chief Guests at India’s Republic Day celebration.

India and the European Union will announce the conclusion of free trade agreement negotiations at a summit on January 27. A security and defence partnership agreement will also be signed. EU leadership will attend India’s Republic Day celebrations as chief guests. Negotiations for the trade pact resumed in 2022 and are in the final stages.

A potential US-EU trade dispute could boost Indian exports as the EU seeks stronger ties with nations like India. With the US imposing tariffs on several European goods, the EU may expedite its free trade agreement talks with India. This could lead to a more favorable deal and faster ratification, presenting India as a stable […]

European Council President Antonio Costa and European Commission President Ursula von der Leyen will be the chief guests at the Republic Day celebrations on January 26, and the India-EU summit will be held the next day.

India and the UAE have set an ambitious target to double bilateral trade to $200 billion by 2032, signing key agreements in energy, defense, and space. A 10-year LNG supply deal between HPCL and ADNOC was confirmed, bolstering India’s energy security. The nations also advanced defense and space cooperation, signaling a decade of closer economic […]