Govt to focus on 20 countries, certain sectors to boost exports

The Indian government has pinpointed 20 countries including Australia, China, and France, along with six focus sectors in commodities and services, to boost exports. Meetings with Indian Missions aimed to foster multilateral trade and reduce logistical barriers, promoting initiatives like the E-connect Portal and One District One Product (ODOP) for enhanced market access.

The Indian government has banned the export of raw human hair priced below USD 65 per kg due to concerns over smuggling affecting local industries. Major hubs like West Bengal, Andhra Pradesh, Telangana, and Tamil Nadu supply most of the raw human hair collected from households and temples for the global beauty market.

India’s Commerce and Industry Minister Piyush Goyal announced a $100 billion FDI commitment from the European Free Trade Association (EFTA) bloc under the Trade and Economic Partnership Agreement. Set to be operational by the end of the year, this investment aims to drive $400-$500 billion in overall investments and create one million jobs within India’s […]

President Prabowo Subianto’s state visit to India resulted in several high-level business meetings, underscoring the potential for deeper trade and investment ties. Key sectors discussed include energy, digitalization, health, and manufacturing, with significant participation from prominent companies and ministers to drive bilateral economic growth.

The US and India are strengthening their defense trade, including collaborations with small startups, defense PSUs, and the private sector, said Jorgan K. Andrews. At the Aero India 2025 event, the US showcased advanced defence technologies and emphasized technology sharing, joint ventures, and industrial partnerships, reflecting their commitment to the US-India Major Defense Partnership.

India has significantly high tariffs that prevent imports, according to U.S. President Donald Trump’s top economic adviser Kevin Hassett. He indicated that Indian Prime Minister Narendra Modi has much to discuss with Trump in their upcoming meeting, with Trump advocating for reciprocal tariffs to match those imposed by other countries.

Indian Prime Minister Narendra Modi is preparing tariff cuts to boost American exports and avoid a trade war with the U.S. during his upcoming meeting with President Trump. Discussions will focus on sectors like electronics and medical equipment, with the aim of increasing U.S. imports and fostering better bilateral trade relations.

Prime Minister Narendra Modi will visit France to co-chair the AI summit with President Emmanuel Macron. Trade between India and France has increased slightly but remains focused on defense and aerospace. There are opportunities for more Indian companies to invest in France, as French markets are more accessible now.

India’s trade is set to grow at a 6.4% CAGR, reaching USD 1.8 trillion by 2033. Significant growth is expected with the US, EU, ASEAN, and Africa, while China’s trade with the West slows. India’s expanding role as a production hub and increased foreign investment contribute to its trade surge, especially in technology and manufacturing […]

India’s pharmaceutical sector is witnessing remarkable growth, almost achieving its export target before FY25. Drug formulations and biologicals lead the exports, supported by significant growth in the US and Europe, despite challenges. A notable potential in Russia and recovering Africa market further bolster optimism.