India’s decision to opt out of RCEP agreement strategically sound: GTRI

India’s decision to stay out of the RCEP trade bloc was a smart move, according to think tank GTRI. They argue that joining could have worsened India’s already large trade deficit with China. GTRI points out that other RCEP members have seen their trade deficits with China grow, suggesting that the agreement benefits China more […]

Following Donald Trump’s election as US president, Indian officials are drafting policy briefs on trade and investment. These aim to address potential concerns about India’s trade practices and highlight investment opportunities, particularly in infrastructure and supply chain diversification away from China.

India’s merchandise and service exports are predicted to exceed USD 800 billion this fiscal year, driven by government support and competitive products. Government initiatives like new industrial cities and the production-linked incentive scheme are boosting domestic manufacturing. Despite geopolitical challenges, Indian exporters are securing orders globally, with the government actively mitigating issues like the Red […]

A top Indian government official urged India to join the RCEP and CPTPP trade blocs to boost manufacturing and exports. He argued that India missed out on opportunities from companies seeking to diversify supply chains beyond China due to high tariffs.

Following Donald Trump’s election as US President, Indian investors are evaluating the potential effects of his proposed trade policies. While some analysts predict difficulties for Indian exporters, particularly in pharmaceuticals and IT, others believe that sectors like EMS and chemicals could benefit from a ‘China +1’ strategy among US companies.

India’s vegetable oil imports are projected to decrease to 15 million metric tons in the 2024-25 season due to anticipated growth in domestic production fueled by favorable weather conditions. This follows an estimated 16 million tons of imports in the 2023-24 season, down from 16.5 million tons the previous year.

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 […]

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’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-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.