28 states, UTs formulate export strategy to promote India’s outbound shipments: Official

To boost outbound shipments, 28 states and UTs have formulated export strategies, complemented by State and District Export Promotion Committees across all regions. Draft district action plans are prepared for 590 districts, with 249 formally notified, aiming to promote exports and address bottlenecks. This initiative aligns with the ‘Districts As Export Hubs’ policy, fostering domestic […]

The US team is set to visit India in August for further negotiations on the proposed bilateral trade agreement, following discussions in Washington. Both nations aim to finalize an interim trade deal before August 1, the deadline for suspended Trump tariffs. Key issues under discussion include agriculture, automobiles, and non-market economy practices.

India’s bank loan growth dropped to 9.4% as of June 27, its lowest since March 2022, while deposit growth rose to 10%, outpacing credit demand. Despite rate cuts and easing liquidity, credit growth slowed due to weak investment demand. Economists suggest structural reforms in tariffs, trade, FDI, and ease of business are needed to revive […]

India’s automobile exports surged 22% year-on-year in the April-June quarter, fueled by record passenger vehicle shipments and strong growth in two-wheelers and commercial vehicles. Passenger vehicle exports hit an all-time high, driven by demand in the Middle East, Latin America, and reviving neighboring markets. Maruti Suzuki led the PV export growth, while Hyundai Motor India […]

India’s electronics exports surged by 47% to $12.41 billion in April-June 2025-26, with the US, UAE, and China as top destinations, signaling India’s rise as a global manufacturing hub. Ready-made garment exports also increased, driven by strong demand from the US, while marine exports saw a significant boost, again with the US as the primary […]

India concluded the fifth round of trade talks with the US. Piyush Goyal affirmed India’s commitment to national interests. India prioritizes strategic patience over external pressure. India focuses on securing access for its IT, textiles, and pharmaceuticals. India resists US demands in agriculture and dairy sectors. India emphasizes negotiating in the negotiating room, not through […]

India and the EFTA countries free trade agreement will be implemented from October 1. The agreement aims to boost trade and investment between India and Iceland, Liechtenstein, Norway, and Switzerland. EFTA has committed to invest USD 100 billion in India, creating one million direct jobs. India will lower or eliminate duties on some EFTA products.

Russia is pushing to revive the Russia-India-China (RIC) trilateral mechanism amid Western pressure, particularly on energy trade. While China quickly endorsed the idea, India is cautiously open. The RIC aims to counterbalance Western dominance and promote multipolarity. However, India’s strong ties with the US and unresolved border issues with China pose limitations.

Piyush Goyal reiterated India’s cautious approach to trade deals, prioritizing national interests. He emphasized the need for MSMEs to focus on innovation, quality, and scaling up, urging them to report non-tariff barriers. Goyal also highlighted the Modi government’s successful restructuring of the banking sector, contrasting it with the previous UPA regime’s struggles with NPAs.