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New Delhi, Oct 20 (SocialNews.XYZ) India and the US have made some headway in their trade talks to resolve the tariff issue, even as New Delhi has said that it will not rush into an agreement. India's trade delegation, led by Commerce Secretary Rajesh Agrawal, is reported to have held constructive meetings with US officials in Washington last week, a senior official said. While the US under the Trump administration hardened its stand on Russian oil purchases by India, New Delhi has assured Was ...Read More >
Commerce and Industry Minister Piyush Goyal expressed confidence in India's export growth for 2025-26, despite global uncertainties from US tariffs. He noted positive growth in goods and services exports during April-September, highlighting the resilience and global demand for Indian products. Goyal also discussed the positive impact of GST rate cuts on investor sentiment and consumer demand. Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that despite global uncert ...Read More >
New Delhi, Oct 19 (PTI) Reflecting a clear trend of market diversification, Indian exporters registered positive growth in 24 countries during the first half of the current fiscal year, even as shipments to the US declined due to high tariffs in September, official data showed. These 24 countries include Korea, UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy and Tanzania. "24 countries with ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
India's trade ministry and NITI Aayog are considering easing certain tariff and non-tariff restrictions on Chinese imports to secure raw materials vital for industrial and export growth. Measures under discussion include letting anti-dumping duties lapse on some products and cutting tariffs on raw materials for sectors like leather and engineering goods where domestic supply is limited. India's trade ministry and a government think-tank are pushing to ease certain tariff and non-tariff curbs on ...Read More >
MUMBAI, Oct 16: The rupee appreciated for the second consecutive session on Thursday, rising 12 paise to close at 87.96 against the US dollar. The gain was supported by a weaker dollar against major global currencies, renewed investor risk appetite, likely Reserve Bank of India (RBI) intervention, and strong domestic equity market performance. At the interbank foreign exchange, the rupee opened at 87.76, touched an intraday high of 87.68, and finally settled at 87.96, up from Wednesday's close ...Read More >
New Delhi: A team of senior officials from India will visit the US this week for trade talks, and negotiations on the proposed bilateral trade agreement are progressing well, a top official said Monday. In February this year, leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). It was planned to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been completed. "The Indian ...Read More >
The US has imposed a sweeping 50 per cent tariffs on Indian goods. New Delhi: India's merchandise exports to the US declined by 11.93 per cent to USD 5.46 billion in September due to the high tariffs imposed by Washington while imports increased by 11.78 per cent to USD 3.98 billion during the month, according to the commerce ministry data. During the April-September period of this fiscal, the country's exports to the US increased by 13.37 per cent to USD 45.82 billion, while imports rose 9 p ...Read More >
New Delhi [India], October 16 (ANI): Gold prices continued to surge in 2025, driven by a mix of global fiscal concerns, currency weakness, and strong institutional buying, as per a report by Religare Broking. The metal has delivered over 65 per cent returns so far this year, one of the highest gains seen in recent years, as investors turn to gold as a safe haven amid rising market uncertainty. At the time of filing this report, Gold prices in Delhi of 24kt was trading at Rs 1,28,110/ 10gm. The ...Read More >
India's merchandise exports in September rose 6.75 per cent to $36.38 billion compared to the same month of the previous year, despite the punitive tariffs imposed by the US, according to data released by the Commerce Ministry on Wednesday. New Delhi, India's merchandise exports in September rose 6.75 per cent to $36.38 billion compared to the same month of the previous year, despite the punitive tariffs imposed by the US, according to data released by the Commerce Ministry on Wednesday. The e ...Read More >
Mumbai, Oct 16 (PTI) The rupee appreciated 40 paise to 87.68 against the US dollar in early trade on Thursday, primarily driven by central bank intervention, a softer dollar index. Forex traders said other supportive factors like positive domestic equities, lower crude oil prices and renewed foreign fund inflows also boosted investor sentiments. At the interbank foreign exchange market, the rupee opened at 87.76 and then gained ground and touched an early high of 87.68 against the US dollar, r ...Read More >
India's trade deficit with China has widened to USD 99.2 billion during 2024-25. Beijing/New Delhi: China has filed a complaint against India in the World Trade Organization (WTO) over New Delhi's subsidies for electric vehicles (EVs) and batteries. Commerce Secretary Rajesh Agrawal said that the ministry will look at the detailed submissions made by China. Confirming the move, an official said that China has also filed similar applications against Turkiye, Canada and the EU. "They have sou ...Read More >
New Delhi: India's exports to the US fell nearly 12% to $5.5 billion in Sept, the first full month since 50% tariffs were imposed by US President Donald Trump on all shipments from Aug 27.But overall exports held steady, rising 6.7% to $36.4 billion in Sept, while imports jumped 16.7% to a record $68.53 billion -- a shade higher than Aug 2024 level of $68.51 billion. As a result, trade deficit ballooned to $32.1 billion, a 13-month high.Imports rose as fertilizer shipments surged three times to ...Read More >
Chennai: Despite a full month of 50 per cent US tariffs, quite intriguingly, India's merchandise exports grew both yearly as well as sequentially in September. As per the government data, merchandise exports grew 6.75 per cent on a y-o-y basis and 3.64 per cent on a m-o-m basis. The exports to the US were down by just 11.9 per cent. Merchandise exports in September rose 6.75 per cent to $36.38 billion against $34.08 billion in the same month last year. September exports rose 3.64 per cent again ...Read More >
New Delhi: NITI Aayog CEO BVR Subrahmanyam expressed optimism on Monday that a trade agreement would be reached between India and the United States soon, as both nations were dedicated to forging a mutually beneficial trade agreement. Subrahmanyam also stated that India must reduce tariffs and non-tariff barriers and open up to markets, to become more competitive in manufacturing. "So the good thing is both sides are still committed to having a trade deal. So negotiations happened last month, ...Read More >
New Delhi: India's computer services industry is riding a wave of global demand, and artificial intelligence appears to be one of the big drivers. According to the World Bank, India's software exports have grown sharply since the launch of ChatGPT in late 2022, with sectors like outsourcing and business process services adopting AI faster than expected. Speaking at the Fourth Kautilya Economic Conclave in New Delhi, Franziska Ohnsorge, Chief Economist for the South Asia Region at the World Bank ...Read More >
Finance Minister Nirmala Sitharaman asserted India's strong capacity to absorb global shocks amid a structural world economic transformation. Speaking at the Kautilya Economic Conclave, she emphasized India's domestic-driven growth, which minimizes external impact. New Delhi, Finance Minister Nirmala Sitharaman on Friday said India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not o ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...Read More >
MUMBAI, Sept 30 (Reuters) - The Indian rupee posted its fifth consecutive monthly fall against the U.S. dollar, and hit a record low on Tuesday, as trade tensions between India and the United States escalated, pushing up dollar demand. The rupee settled at 88.7875 against the U.S. dollar, its weakest ever closing level, and down slightly from its close of 88.7600 on Monday. Earlier in the day, the currency declined to an all-time low of 88.8000. The currency fell 0.7% in September, posting it ...Read More >
MUMBAI, Sept 30 (Reuters) - India's imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewellers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said. Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China. The surge in imports could widen Ind ...Read More >
MUMBAI (Reuters) -India's imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewellers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said. Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China. The surge in imports could widen India's trade ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway and Switzerland. It was signed March 10, 2024. Domestic cust ...Read More >
New Delhi, Sep 30 (PTI) The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) The Asian Development Bank (ADB) on Tuesday projected India's growth at 6.5 per cent for 2025 (FY26) and 2026 (FY27), as it trimmed its growth outlook for developing Asia and the Pacific by 0.1 and 0.2 percentage points for this year and next, respectively, amid the emergence of a new global trade environment shaped by tariffs and updated trade agreements. India's GDP grew 7.6 per cent in H1 2025, as higher investment from strong public capital spending, offse ...Read More >
New Delhi: A top member of Donald Trump's administration has hit out at India once again on the issue of trade imbalance, saying that it is one of the countries that needs 'fixing'. Such a remark from US commerce secretary Howard Lutnick threatens to put the ongoing trade talks between the two countries under stress. If India wishes to sell to American consumers, it will have to "play ball with the President", Lutnick said. Hitting out at India and Brazil, he said that these countries need to d ...Read More >
Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation's refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela. A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that si ...Read More >
(Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European U ...Read More >
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