Trade
Oil prices shot up to $89 a barrel amid the Israel-Hamas conflict
09 Oct 2023
Oil prices rose up to $89 a barrel in Asian trade on Monday, 9 October, amid intense military clashes between Israel
India’s April-August merchandise trade deficit estimated at $98.88 billion
15 Sep 2023
India’s merchandise trade deficit in August 2023 stood at $24.16 billion, which took overall merchandise trade deficit in April-August 2023 to an estimated $98.88 billion
India-Middle East-Europe Economic Corridor will be a beacon of shared progress: PM Modi
09 Sep 2023
The proposed India-Middle East-Europe Economic Corridor will be a beacon of cooperation, innovation, and shared progress that would help chart a journey of shared progress
US commerce secretary affirms a strong desire to maintain economic ties with China
29 Aug 2023
Senior officials from the United States and China held a series of economic policy meetings in Beijing on Tuesday, 29 August 2023, underscoring efforts to halt the decline in their bilateral relationship and to reestablish channels of communication.
India makes rupee payments for gold and crude imports from the UAE
16 Aug 2023
India and the United Arab Emirates have initiated bilateral trade using their respective local currencies. The first of such transactions was the sale of 25 kg gold by a UAE bullion exporter to an Indian buyer. The deal was worth about Rs.128.4 million ($1.54 million).
India allows export of drones for civilian use
01 Jul 2023
New foreign trade policy aims at $2 trillion exports by 2030: Piyush Goyal
04 Apr 2023
FTP 2023 is a dynamic and open ended policy that accommodates emerging needs, facilitates ease of doing exports through process re-engineering and e-commerce, in collaboration with states and districts, while also allowing exporters to close old pending authorisations through a one-time amnesty scheme and start afresh
Indo-Pacific Economic Forum to secure region for business
13 Sep 2022
India will not be part of the ‘trade pillar’ of the 14-member economic forum while remaining an active participant in the other three IPEF initiatives
India’s merchandise trade deficit hits $70.25 billion in Q1
06 Jul 2022
The country imported goods valued at $63.58 billion in June alone against exports valued at $37.94 billion during the month