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New Delhi: India's goods exports in June fell a tad from a year earlier, but a sharper drop in imports aided the trade deficit to narrow to a four-month low. Exports reduced 0.05% year-on-year to $35.14 billion, a seven month low, while imports fell 3.71% to $53.92 billion, leaving a trade deficit of $18.78 billion compared with $20.84 billion in June last year. Exports to the US in the past month rose sharply to $25.52 billion from $20.89 billion, despite the base tariff on Indian goods shipp ...Read More >
Despite potential trade deal uncertainties with the US and looming tariffs, an SBI Research report suggests India can significantly boost exports by capitalising on global tariff realignments. India is well-positioned to increase its market share in sectors like chemicals, apparel, and agricultural goods, both in the U.S. and tariff-impacted Asian markets, with strategic policy support. Even as India and the United States move closer to concluding a long-anticipated trade agreement, a new repor ...Read More >
New Delhi, July 14 (SocialNews.XYZ) India has become a leading source of AI talent, currently housing 32 per cent of the global GCC talent pool, 28 per cent of the world's STEM workforce, and 23 per cent of global software engineering talent, Finance Minister Nirmala Sitharaman said on Monday. Addressing the Special Ministerial Plenary and Report Back session at the inaugural 'CII GCC Business Summit 2025' here, Sitharaman said "We have among the highest penetration of AI skills globally". In ...Read More >
New Delhi: Indian exporters have welcomed the US decision to postpone the tariff hikes on imports from July 9 to August 1, as this will allow more time for talks to sort out the trade issues. Director General of the Federation of Indian Export Organisations (FIEO) Ajay Sahai said that this deferment of the imposition of reciprocal tariffs reflects the US's willingness to engage constructively with its trading partners. "It provides an extended window for dialogue, which can help our negotiator ...Read More >
NEW DELHI: Finance minister Nirmala Sitharaman on Friday stressed the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics.She was speaking at the annual meeting of Board Governors of the New Development Bank (NDB) in Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for the Global Sout ...Read More >
New Delhi: India Friday called for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. "This meeting takes place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal constraints in several economies, climate transition issues and evolving geopolitical dynamics," finance minister Nirmala Sitharaman said in her openin ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday emphasised the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday emphasised the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for ...Read More >
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