India is actively pursuing trade agreements with 50 countries across 14 groups, having already finalized deals with Australia, UAE, Mauritius, the UK, and the EFTA. Discussions are also progressing with Canada for a comprehensive economic partnership, and with the US for a trade deal. Reviews of existing FTAs with ASEAN and South Korea are underway.
India in talks with 50 nations for trade deals: Goyal
The Indian onion export market is experiencing a downturn as longtime clients such as Bangladesh and Saudi Arabia pivot to suppliers in Pakistan and China. This change comes after India imposed export limits to stabilize local prices. Industry insiders caution that India’s onion seeds are empowering these rival nations towards self-sufficiency, threatening the stronghold of […]
Members of Parliament stressed farmers’ interests in India-US trade talks. The Commerce Ministry briefed the panel on proposed deals. Officials indicated soybean and corn imports are being examined. Indian negotiators remain firm on not allowing American corn, soybean, or genetically modified food. Exports have grown despite US tariffs. The panel will meet again for further […]
India and the UAE held discussions on market access, data sharing, gold import quotas, and anti-dumping as part of the Joint Committee meeting under their CEPA. Both nations reviewed progress and explored ways to boost economic ties, including enhancing regulatory cooperation and signing MoUs on food safety.
India’s services exports are providing a crucial buffer against merchandise trade volatility, growing by 9.7% year-on-year to reach $237.6 billion in April-October FY26. This robust performance has generated a net services surplus of $118.7 billion, helping to offset the overall trade deficit. Total exports saw a 4.8% YoY growth during the period.
Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exporters
2 weeks ago
The government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalisation Scheme. This initiative, part of a Rs 25,060 crore Export Promotion Mission, aims to make Indian export credit more competitive globally. The annual benefit for each exporter will be capped at Rs 50 […]
India’s auto and pharma sectors are concerned as Mexico plans to more than double tariffs on countries that is doesn’t have FTAs. This move could significantly impact India’s $887 million auto exports to Mexico, its third-largest destination, and also affect pharmaceutical companies preparing to expand their presence.
India and Russia are set to boost cross-border payments. Negotiations are underway to recognize each other’s payment systems, MIR and RuPay. Instant payment systems SBP and UPI may also integrate. This move aims to ease travel and business transactions for both nations. Discussions will feature at the upcoming annual summit. Increased settlements in national currencies […]
India has requested Russia to speed up the listing of its establishments and registration of marine and pharma products. This move aims to significantly increase bilateral trade between the two nations. Both countries are working towards a target of $100 billion in trade by 2030. Discussions also covered cooperation in various sectors and exploring payment […]
Indian business leaders view Saudi Arabia as a reliable investment destination, with 85% finding it attractive for trade and investment amidst global uncertainties. A significant 78% plan to increase investments in the next six months, driven by Saudi’s growing economy, stability, and business-friendly policies.