Rising exports keep companies upbeat amid local lull

Indian automobile and consumer goods companies witnessed growth in exports. Overseas sales increased for companies like Maruti Suzuki, Bajaj Auto and ITC. The Society of Indian Automobile Manufacturers reported a 12% rise in passenger vehicle exports. Industry leaders are optimistic about the future of exports. Some companies are expanding manufacturing capacity to meet growing global […]

Trump’s “America First” policy could reignite a trade war between Washington and Beijing. Some experts, however, see a window of opportunity for India to ramp up its supplies to the US. This is because Trump has vowed to punish China with much higher tariffs than other nations to restore bilateral trade balance. Also, given its […]

Indian exporters may face higher tariffs on goods like textiles and pharmaceuticals as Donald Trump’s ‘America First’ agenda prioritizes protectionist measures. While this could negatively impact key Indian exports, a tougher stance on China might open new opportunities.

India-US relations are expected to remain strong. Trade and investment between the two countries have been increasing. The US is a major source of tourists and foreign direct investment for India. Key Indian exports to the US include electrical machinery, precious stones, and pharmaceuticals. India imports mineral fuels, precious metals, and machinery from the US.

India’s stakes in the US elections are high, particularly in trade, technology, energy, and defence. If Donald Trump wins, US-India relations could shift as Trump seeks to enhance ties, despite past trade tensions. While his “America First” policy could challenge trade dynamics, it may open new opportunities, particularly under the “China Plus One” strategy, benefiting […]

India’s Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duties on PVC resin imports from seven countries, including China and the US. The DGTR found that these countries were selling PVC resins below market value, harming Indian manufacturers. If enacted, the duties could reach up to USD 339 per tonne.

Bangladesh received a lowest offer of $477 per tonne for 50,000 tonnes of rice from India in a tender aimed at securing supplies after devastating floods. While the offer is under consideration, the government plans to import a total of 500,000 tonnes and allow private imports to combat soaring food prices.

India aims to reform its free trade strategy, targeting deals with the UK and the EU while addressing past issues. Current trade negotiations are criticized for being outdated and overly defensive. A new approach could enhance India’s access to strategic supply chains and modern trade practices, possibly empowering negotiators to achieve more effective agreements.

India’s export competitiveness has seen significant gains in multiple sectors over the past five years. Key sectors such as petroleum, gemstones, agrochemicals, and sugar have notably increased their share in global trade, with India becoming a leading exporter in several of these categories, according to commerce ministry data.

State Congress chief Nana Patole has urged the Centre to ban cotton imports and purchase the produce at an MSP of Rs 7,122 to support Maharashtra’s farmers. He highlighted concerns over falling domestic prices due to imports and unsold CCI stock, alongside challenges from adverse weather and inadequate government compensation.