Commerce and Industry Minister Piyush Goyal stated that India’s agri and fishery exports could surge to Rs 20 lakh crore with enhanced food processing, quality packaging, and branding. Currently, these exports stand at Rs 4-4.5 lakh crore. He emphasized the potential by citing examples of value-added food products and the growing global demand for millets […]
Potential to increase agri, fishery exports to Rs 20 lakh cr: Piyush Goyal
India is evaluating the repercussions of US President Trump’s copper tariffs, anticipating minimal impact due to robust domestic demand. Sector analysts foresee potential cross-dumping risks, potentially affecting domestic producers’ profitability. Simultaneously, the government is intensifying monitoring of District Mineral Foundation funds to ensure transparency and effective utilization, following concerns about mismanagement in some states.
Narendra Modi is visiting Namibia. India aims to import uranium from Namibia. Recent oil and gas finds in Namibia are of interest to India. Defence cooperation is also on the agenda. Modi will meet with Namibian President Netumbo Nandi-Ndaitwah. He will address parliament and interact with the Indian community. Discussions on Project Cheetah 2 are […]
Donald Trump announced potential 10% tariffs on BRICS nations, including India, accusing the bloc of undermining the US dollar. During a Cabinet meeting, Trump warned that BRICS countries would soon face these additional charges. He asserted that the economic alliance was actively working to diminish the dollar’s global standing.
India is actively negotiating trade agreements with various countries, including the US. The focus is on national interest. Deals with the UK are expected to boost trade. Rural consumption is rising, and private investment shows signs of recovery. The government aims for 6.5% GDP growth in FY26.
India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on industrial goods.
India’s apparel, footwear exports to gain as US hikes tariffs on rival nations: Exporters
4 months ago
Indian apparel and footwear exporters anticipate a competitive boost in the US market as Washington imposes higher tariffs on several nations, including Bangladesh and Thailand. These elevated duties, set to take effect in August, are expected to benefit Indian products, particularly in the garment and leather sectors.
Amidst rising apple imports and US pressure to cut farm tariffs, Minister Goyal stated the government will review protections for homegrown apples, balancing grower support with consumer affordability. India imports 4.5-5 lakh tonnes of apples annually, with the US seeking preferential duty access.
Faced with potential US tariffs, India is exploring strategies to reduce its trade surplus. Increasing imports from the US in sectors like energy and aviation, alongside diversifying export markets, could mitigate tariff exposure. While challenges exist, these adjustments aim to strengthen Indo-US relations and balance India’s trade portfolio.
India US Trade Deal News: President Trump announced the U.S. is nearing a trade agreement with India, extending the deadline for reciprocal tariffs to August 1. This follows finalized agreements with the UK and China. The administration has notified 14 other countries of substantial new tariffs starting in August, amidst ongoing free trade agreement talks […]