July goods exports up 7.2%; trade gap hits 8-month high

India’s goods exports saw a 7.2% increase in July, reaching $37.24 billion after two months of decline. However, a surge in imports, driven by oil and gold, led to a significant trade deficit of $27.35 billion, the highest in eight months.

India and the US are actively pursuing a bilateral trade agreement. The next round of talks depends on the US-Russia meeting. A 25% tariff on Indian goods is in effect. India will discuss rupee trade with Russia. Trade with China is growing. India is expediting FTAs with the EU and Latin America.

India has confirmed ongoing discussions with China to restart border trade via key transit points, which had been suspended due to the 2020 Ladakh standoff. Negotiations are reportedly in advanced stages to resume direct flight services, signaling efforts to mend bilateral relations strained by the military clashes. Recent measures include India’s resumption of tourist visas […]

India Exim Bank projects a 4.5% rise in total merchandise exports, reaching USD 108.1 billion, for July-September FY26. Non-oil exports are expected to grow by 5.2% to USD 92.1 billion. This growth is attributed to a base effect, strong manufacturing, favorable trade negotiations, and expansionary monetary policy, though risks remain from global trade uncertainties and […]

India’s exports to the US surged by 19.94% to USD 8.01 billion in July, with imports also increasing by 13.78%. During April-July, exports to the US rose by 21.64% to USD 33.53 billion. The US emerged as India’s largest trading partner in April-July 2025-26.

The Finance Ministry will soon consider a proposal from the Commerce Ministry. The proposal involves setting up a ₹2,250 crore export promotion mission. This mission aims to boost exports. It will likely include credit schemes for MSMEs and e-commerce exporters. Overseas warehousing and global branding are also planned. This initiative is crucial due to US […]

Indian trade negotiators are set to convene later this month to strategize for the upcoming WTO ministerial conference and prepare for the country’s trade policy review next year. The focus will be on WTO reform, particularly restoring the dispute settlement mechanism and consensus-based decision-making. India also aims to address trade distortions caused by non-market economies […]

India and China are poised to begin discussions on a trade package encompassing critical rare earth magnets, fertilizers, and pharmaceuticals, potentially signaling a thaw in relations amid global trade tensions. Consultations are expected around the time of the SCO summit.

Bengaluru’s Kempegowda International Airport saw a successful mango export season. The airport shipped 921 metric tonnes of mangoes, equivalent to 31.5 lakh fruits. This represents a 12% increase compared to last year. The mangoes came from Karnataka and nearby areas. Shipments reached 51 international destinations, including 19 new locations. Top destinations included Dulles, Dallas-Fort Worth, […]

India is now negotiating free trade agreements with other nations on an equal footing, reflecting the country’s strengthened position under Prime Minister Modi. Minister Prasada highlighted India’s firm stance during FTA negotiations, emphasizing the nation’s rapid economic growth. The inauguration of the expanded Intellectual Property Office in Dwarka signifies India’s commitment to innovation and intellectual […]