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New Delhi, Oct 19 (SocialNews.XYZ) Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight. "The Trade and Economic Partnership Agreement (TEPA) between India and the EFT ...Read More >
Two of the emerging-market giants hardest hit by President Donald Trump's trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs. Most Read from Bloomberg Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership as economists warn that Trump's policies could ...Read More >
According to the latest forecast from the IMF, India's economy is set to grow by 6.6% in FY26, a testament to its solid economic backbone and adaptability. The surge in consumer spending and significant infrastructure projects are propelling this growth. The International Monetary Fund (IMF)'s recent upward revision of India's FY26 economic growth forecast to 6.6% from 6.4% earlier reflects the country's economic resilience and strong fundamentals, Commerce and Industry Minister Piyush Goyal sa ...Read More >
The Indian rupee has made a strong recovery against the US dollar. This rebound comes after the US Federal Reserve signaled potential rate cuts. Falling crude oil prices and intervention by the Reserve Bank of India also supported the rupee. The dollar index has eased, boosting investor confidence in the domestic currency. Stock markets are also showing gains. The rupee recovered 88 paise from its all-time closing low to 87.93 against US dollar in early trade on Wednesday, on easing dollar inde ...Read More >
New Delhi, Oct 17 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal said on Friday that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country's growing economic confidence and global stature in terms of India's approach to Free Trade Agreements (FTAs) and other trading arrangements. Addressing the annual conference and 105th annual general meeting of Assocham in New Delhi, Goyal said the country is now e ...Read More >
India and Brazil on Thursday (October 16, 2025) agreed to expand the scope of the existing preferential trade pact between New Delhi and four South American nation bloc Mercosur to boost economic ties. India in active dialogue for trade pact with U.S., EU, Oman: Goyal Mercosur is a trading bloc in Latin America, comprising Brazil, Argentina, Uruguay and Paraguay. The issue was discussed during a meeting between the visiting Brazilian Vice President Geraldo Alckmin and Commerce and Industry Mi ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth and meet its long-term development goals, Krishna Srinivasan, Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF), said on Thursday. Responding to a question on India' ...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 >
New Delhi, Oct 16 (PTI) India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU, Commerce and Industry Minister Piyush Goyal said. India has implemented trade pacts with Australia, the UAE and EFTA bloc. It has also signed an agreement with the UK. "We have done free trade agreements (FTAs) with many developed countries in the last three years...We are in active dialogue with the US, ...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 >
NEW DELHI: Global crude oil prices rebounded from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had promised to halt purchases of Russian barrels -- a move that could tighten global supply. Speaking to reporters at the White House, Trump said, "So I was not happy that India was buying oil, and he (Prime Minister Narendra Modi) assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same ...Read More >
NEW DELHI (AP) -- India says it is looking to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil. Trump said Wednesday that Indian Prime Minister Narendra Modi had personally assured him his country would stop buying Russian oil, in a move that might add to pressure on Moscow to negotiate an end to the war in Ukraine. "There will be no oil. He's not ...Read More >
NEW DELHI - India says it is looking to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil. Trump said Wednesday that Indian Prime Minister Narendra Modi had personally assured him his country would stop buying Russian oil, in a move that might add to pressure on Moscow to negotiate an end to the war in Ukraine. Recommended Videos "There will be no ...Read More >
BENGALURU: A day after Biocon chief Kiran Mazumdar-Shaw highlighted Bengaluru's "creaking" infrastructure, Karnataka's deputy CM D K Shivakumar Wednesday accused her of "betrayal" and of tarnishing the very state and country that helped her succeed as an entrepreneur.However, people sprang to her defence, accusing the government of displaying hostility towards those who speak up, and of refusing to accept constructive criticism.On her part, Shaw on Wednesday blamed previous governments' inaction ...Read More >
New Delhi: The United States has trapped the world in a complex web of tariffs. For India, the only effective way to break through this maze is a bilateral trade deal with Washington. Talks on such an agreement have recently gained momentum. A senior Indian delegation is travelling to America this week to advance negotiations that began in February. "The Indian team will visit this week," said an official close to the development. This visit marks the next step in a series of discussions aimed ...Read More >
A team from India is currently in the U.S. to discuss issues relating to tariffs, according to Commerce Secretary Rajesh Agrawal. However, due to the ongoing shutdown in the U.S. government, it is not "the right time" to hold the next official round of negotiations on a Bilateral Trade Agreement (BTA), he said. Mr. Agrawal, currently still the Chief Negotiator for India on the BTA, further said that India would be "very happy" to increase its energy imports from the U.S. The U.S. government is ...Read More >
New Delhi [India] October 15 (ANI): Trade negotiations between India and the European Union (EU) are progressing well and may conclude by December this year, Commerce Secretary Rajesh Agrawal said on Wednesday. "Trade talks are progressing very well. Chances are it may be concluded by December. We are at last leg of negotiations. The toughest things are decided at the end. We are in close range of negotiations," he said. Also Read | Who is Eden Apple Tom? Know All About 20-Year-Old Kerala Fast ...Read More >
Mumbai (Maharashtra) [India], October 9 (ANI): Prime Minister Narendra Modi on Thursday expressed confidence that India and the United Kingdom will double bilateral trade from the existing approximately USD 56 billion before the mutually set target of 2030. Addressing the India-UK CEO Forum, PM Modi said the Comprehensive Economic and Trade Agreement (CETA) between the two countries is not just a trade agreement, but a roadmap for shared progress and shared prosperity between the world's two la ...Read More >
New Delhi, Oct 9 (PTI) Prime Minister Narendra Modi on Thursday said the India-UK free trade pact will boost MSMEs and create jobs, and exuded confidence that the target of doubling bilateral trade will be achieved ahead of the target date of 2030. Addressing a CEO forum along with British Prime Minister Keir Starmer, Modi said the Comprehensive Economic and Trade Agreement (CETA) between India and the UK will provide stability at a time when the world is witnessing instability. "Today, India- ...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 >
Indian and EU officials will commence their 14th round of free trade agreement talks in Brussels on Monday, aiming to resolve differences and conclude negotiations by December. Commerce Minister Piyush Goyal is hopeful for an early agreement, which seeks to boost bilateral commerce and investments. Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement on Monday in Brussels to iron out differences on issues for e ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
New Delhi, Oct 1 (PTI) India will not only attract USD 100 billion committed investments from the four-nation EFTA bloc under a trade agreement, but also look at an additional USD 150 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that huge opportunities are there for companies from these four countries to invest in India. Under the India-EFTA trade and economic partnership agreement (TEPA), New Delhi has received a commitment of USD 100 billion FDI from EFTA 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) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...Read More >
New Delhi, Oct 1 (PTI) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...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 >
Rajesh Agrawal assumed charge as Secretary, Department of Commerce, on Wednesday. He succeeded Sunil Barthwal, who retired September 30. Agrawal has three decades of experience in governance. He previously oversaw India's trade negotiations with various countries. He was chief negotiator for the India-US Bilateral Trade Agreement. He also managed export promotion for agriculture and allied sectors. Senior IAS officer Rajesh Agrawal on Wednesday assumed charge as Secretary, Department of Commerc ...Read More >
New Delhi, Oct 1 (IANS) Rajesh Agrawal, a 1994-batch IAS officer, has taken over as the new Secretary of the Department of Commerce, Ministry of Commerce and Industry, it said on Wednesday. Agrawal is a seasoned administrator with nearly three decades of experience in governance, policy making and implementation across several sectors, including skilling, human resource development, apprenticeship, power, fertiliser, agriculture, and MSMEs. He played a key role in shaping India's skill develop ...Read More >
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